EOSETH ABC correction or dragon reversal?

We see that EOS fell to 0.382x before bouncing hard to 0.786 -> but failed to stand above it.

Now the critical threshold is 0.618 (blue horizontal line):

• If it falls below it, EOSETH will have another corrective wave, perhaps to 0.5x (0.0083ETH).
  
• If it bounces, this means EOS will have fully reversed its bearish trend & could retest 1x (0.00148ETH) soon.
  

I think the second scenario is more likely.

Kommentera:

appears to be sound even in today's huge dump. EOS has probably fallen deep enough against ETH.

Kommentera:

I guess EOSETH is about safe at this point. Perhaps EOS will go up after the crash is over.

Kommentera:

Indeed a dragon reversal.