Crypto Contest May 28: EOS
EOS (EOSETH) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EOS began a wave one advance on January 10. The red wave one finished on January 22, and the red wave two correction ended on March 9. The red wave three advance finished on April 29, and the red wave four correction ended on May 16. If this wave count is correct, EOS should be heading next towards the April 29 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe EOS is currently in the red wave three (blue sub-wave v). The red wave three began on January 10.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The EOS ICO ends on June 1. Aimstone explained what will happen after that.
(Sources: https://eos.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will takeout the April 29 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will drop below the March 9 low".
If you think EOS is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will stay in a trading range between the March 9 low and the April 29 peak until July 3".
You can upvote the comment until 3 PM EST May 31 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
EOS will takeout the April 29 peak (36 voters as of 3 PM EST May 31: bleujay, bentleycapital, soundmoney, simonjay, allyouneedtoknow, freiheit50, bxlphabet, ace108, fitinfun, mgood, steem-d-anlovnit, revelationquotes, flemingfarm, reconnectnature, kunschj, themovieplace, koskl, tbnfl4sun, carlosdaniel, mirda, portillo, coolthings, harryp3, utkarshvarma, biyanoor, andy23, mike11, cosminblaga, mitrado, stalexmkl, pario, nzl19500, photoquote, techlife, biomanu, photo-moment).
EOS will stay in a trading range between the March 9 low and the April 29 peak until July 3 (25 voters as of 3 PM EST May 31: gregory-f, glennolua, misalen, rothberg, crokkon, cryptotem, komischername, jznsamuel, mister.green, lucasgabd, spyking, diogosantos, toofasteddie, catchup, nicolaepavelean, richard78624, galasek, nordina, ragnaros, criptorafa, marverick984, neo-wiza, easymoney202, sljivanono, cmoljoe).
EOS will drop below the March 9 low (7 voters as of 3 PM EST May 31: sqlinsix, skepticology, barbadosso, starline, sporttr, mihail.tsvetkov, punjolife).
Eos is at it's deep it high time we start buying more of it cause with will shoot in June and no going back thanks for sharing this important information with us.
Let´s hope the June 1 release goes with no bugs, if no problems rise it will takeout the April peak ;)
EOS and TRX mainnet swaps are coming and I think it will impact a lot both EOS/ETH price, so I voted based on that.
Good post @maarnio
👍🏻👍🏻👍🏻👍🏻👍🏻👌🏻👌🏻👌🏻👌🏻