EOS! Your Bottom is so ROUND, I can put it in a CUP !!!

in #bitcoin8 years ago (edited)

In looking at the daily price trend of EOS, the following are my thoughts:

Drawing a trend line along the bottoms of the daily price bars display what's called a rounding bottom. This is very bullish and presages better and higher prices ahead.

The trajectory from current prices to around $4.20 could be rapid since it could represent Wave 3 up, hence the slightly non-symmetrical appearance of the rounding bottom. See my prior post on EOS wave count to view the projected 5 wave pattern (https://steemit.com/bitcoin/@haejin/eos-will-rise-past-usd5-47). The slight non-symmetry on the right side of the pattern is at times the case in a bullish scenario. Once $4.20 or around it is hit, rounding bottoms correct and they correct through a pattern called a cup and handle. It's likely that such combination of patterns is in play. Once the "handle" of the "Cup" is complete....EOS will trend upwards in a stair step pattern.

I remain extremely bullish on EOS with a time horizon of 12-16 months. I see EOS as the ETH killer and a position of 5k to 100k EOS coins will have your future generations bless your name for enormous wealth inheritances.

If this blog post has entertained or helped you to profit, please follow, vote 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.

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I like EOS because of DAN THE MAN Larimer

Bitshares, Steem and now EOS !!

im long ...

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