EOS: The BIRTH of a REVERSAL? Potential WAVE I TARGET $3.5
EOS completed a long term painful triangle and bust upwards!
Before made a all time low, which apparently acted as a bullish wick prior to a rally of around 30%!
The rally developed in a very nice set of five waves labeled (i), (ii), (iii), (iv), (v). After that a correction is expected, at first looked like a sharp abc correction, but in fact, developed a correction kind of sideways, in my opinion, we are experiencing a abcde triangle, we just need a final leg for e in order to keep pushing upwards.
Some people might argue that EOS will only go down until the end of the ICO, that there's no actual use of the token and that's the reason behind no pump should be expected.
Well i disagree, this market have shown us that a lack of fundamentals will never stop a bull with appetite of profits.
If a bottom were found of that nasty correction we can at least expect a 61.8% retracement of that.
That could take us all the way up to $3.5! A probable path could look like this:
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$3.5?! you must be crazy to think this is going to be a 3.5 billion dollar coin anytime soon.
Maybe not this year, but after the ICO ends, totally.
You still think it's crazy? Regards my friends, that's technical analysis!
Thanks for this. Is this count still validated in your eyes?
Thank you! Definitely I'm sticking to that count, we might see the correction of wave ii soon