EOS will rise past $5.47

Here is why:
After a rise to $5.47, EOS recently completed an ABC correction. Yesterday's high of $1.74 marked wave 1 of an impulse (see second chart with 1 hour chart and more detailed count of wave 1).

Wave 1 has broken out of two trend lines as shown by yellow and blue lines. This is bullish.

The micro EW count showing an impulsive breakout from the two trend lines. So the key is when will wave 2 complete? The chart shows a possible pattern.

After a little correction as is progressing now, EOS is expected to initiate the wave 3 upwards. For Elliot Wave analysis, wave 3s are often a wonder to behold in their vigor! This is why wave 3's extend so often and is the longest of the 5 waves.

The horizontal lines represent my laddered entries or price points where I have already entered my buys. This method of entry allows for the variation of the wave 2 to bottom as no one can precisely call price movements. Not all entries are triggered, often, only 3 or 4 are executed. That's ok...because this method removes much of the emotion and very profitable.

If this blog post has helped you to profit, please follow and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.