EOS: Revised Target $8.99...Find out the how and why in this analysis!
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SUMMARY
EOS has come a long way! Back whe it was $0.50; many called it impossible for EOS to climb because of monthly 2 Million coin inflation. I'm hoping that EOS's recent price action can perhaps enable those to open their minds to the fact that price is purely driven by sentiment and not news or events or fundamentals. Elliott Waves states the news and events shall arrive to justify the forecast and NEVER the reverse. This concept is very difficult for many to grasp, never mind believe! It's very understandable as we are all born into a very Newtonian physical world where all has cause and reaction. However, experiences such as EOS's price will help many non-believers to experience how truly price is the earliest reflection of sentiment and therefore drives news and events, never the reverse.
The below is an updated chart of EOS. My primary count shows a high likelihood of an a,b,c,d,e triangle pattern to form.
In this chart, I've drawn a much larger bowl (white) outline. It's uncanny! The a,b,c,d,e forward discerned pattern could well be the handle formation. This triangle will probably take a few days to complete. Then, impulse could take EOS to $8.99 or higher! Now, not the blue Cup & Handle pattern. This is embedded within the much larger white one. A FRACTAL! Look what happened to the price with the smaller blue Cup & Handle....what do you think will happen to the price when the MUCH LARGER white Cup & Handle completes?
My alternate count is shown below. If the 5th wave is extended, then the a,b,c retracement could play out. Again, this is an alternate count and will look to it only if the a,b,c,d,e triangle becomes invalidated.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Omg. Thanks haejin hyung.
I finally got approved for steemit!
Currently working on upvoting all your previous posts that have been so very educational! :D
"monthly 2 Million coin inflation"
Daily!
I agree, it doesn't matter, but it's daily instead of monthly!
Thanks for your analysis!
It is actually every 23 hours :)
Yes! :)
He is too busy to read our comments.
May EOS bring all HEAVENLY MASSIVE PROFITS!
I wish you great profits and thanks Haejin for his outstanding analysis. I think EOS can beat Ethereum, I am figuring out what price in U.S.D will be best to buy this more. I brought a very few for U.S.D 1.8
@haejin it seems like everything is looking outstanding🙏......Exciting times sir!
yes, I think any money put into crypto domain except those scam ICOs are going to give great returns. Anyway there is no point in putting money in bank with negligible interest to its customers but when we borrow from banks they charge high even for educational loans. I declare end of the banks soon!
Bank can't end because we need banks to convert cryptos to fiat.
You are right, but if majority of people eventually accept cryptos, which might take along time, there will be no need to convert to fiat anymore.
For the moment.
CAN YOU ANALİZ RDD THANKS
Does anyone know how you can purchase EOS?
The only place I found so far is BTS, but there they charge much more than the actual price because there are so little sell orders.
The Exodus wallet works great for exchanging btc to eos and storing your new erc20 tokens. Don't forget to register them before June 1 or you won't get the real eos coins when they're released. Exodus has a good article on how to do that.
What do you think of the EOS/BTC pair sir? Are we about to witness a breakout from the handle that has formed?
After last correction ABC, the target is W3 0.00060, then W4 (correction) and W5 is about 0.00075
Thank you Master haejin for all this hard work, I really really appreciate every blog, and every youtube video you upload for your followers.
InDeed , As the sun earth spins around
No the sun around......., and a stars and Venus under Texas one...... another kingdoms come forth begun ........ Eos dawns...... awaken one to all as one as none as knowone that is all of none....... Eos however is the one...... be prepared to be stunned.......
thank You Kindly