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I have been bullish on EOS since it was $0.35 and am ever more bullish now! Be Long Term Greedy on this baby! I wouldn't be surprised to see $300 or higher not too long from now. These are not crazy projections and the nearer $50 target can also be attained likely this year. The below chart shows the broadening pattern. Price had impulsed up from the blue (d) bottom. As labeled, the five wave sequence topped and the requisite correction is in progress (red abc). I believe this minor correction is at or near its terminal end and price should turn up to resume the reversal.
From a pattern perspective, a bullish Cup & Handle can be drawn as shown in blue in the below chart. The red abc correction are the subwaves of the handle formation and as long as it stays above the lowest part of the Cup, the pattern remains valid. Patience and discipline will attract profits!
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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?