EOS: A Higher Resolution View

in #eos7 years ago

SUMMARY

While it would seem expectant for EOS to carve out a nice and simple abc correction as shown below, by now we all know that Altcoin corrections are nothing but simple. The below chart can complete but it looks too quick.

Subwaves almost always help better elucidate the progression and the below shows how the final C wave could traverse. However, I would not be surprised by more and extended lateral move after the last wave 5 is complete.

I believe the correction is better represented as below in that while the lower low can be tagged, the correction end point could be not until well into February. However, with $7.7 Bil in market Cap, EOS could soon adopt the behavior of BTC or the traits of the bigger coins which like Bitcoin doesn't express the Hurry Up & Wait as much. It would be interesting if such morphs can be observed.

Legal Disclaimer: 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.

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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Sort:  

Once EOS really launches...we will see what vertical price movement looks like!

agree, been in since the early days

EOS is a great long term hold. It's a must have, and its ICO implementation platform is genius. You want to know why, simply ask.

My apologies for this late response. I still haven't fully figured out Steemit totally. Well, because it helps eliminate whales from buying up a very large portion in a short period of time, then dumping it on the exchange for a high price, driving the price down, only to buy back much cheaper, doubling and even tripling there original holdings.
Now, more than 1 whale perform can perform this technique. At least with a 1 year ICO, they cannot perform such a thing. They cannot manipulate the price as easily. That is why...

EOS hasn't done much

Loading...

I see a triangle and a pump imminent... its been testing that $15, maybe this time will be the time. Would love to see EOS in the 20's with a $30 hit but simply stabilize and consolidate in the 20s till the summer.

The analysis should be a joke. 😂 In all honesty, you have a positive attitude from 10 EOS analyzes. And of the 10 analyzes, few were even close enough. Sorry but 👎🏻

Not sure about you but I bought on the last dip at$8 and sold at $14. Made out with a hefty profit of 40%. Curious if you are a hater or a troll. I've made 10 of thousands on various analysis from this gentleman.

Good luck ignorant troll 😂😂😂

haejin called the bottom at 45 cents something. check it out.

Correctly. Absolutely nonsense. Would have to be banned.

Quite informative and educative from @haejin

new's cryptos and news horizons

Yeah pretty simple and predictable analysis. I agree with your analysis. Drop is coming in EOS too.

Not feeling EOS. Seems to be taking too long to 'really lauch'. I would rather stick with ETH LTC PPT and VERI.

Coin Marketplace

STEEM 0.27
TRX 0.21
JST 0.038
BTC 96318.64
ETH 3643.35
SBD 3.80