EOS: Ready for the next ATH?

I'm sure many of the people that have bought EOS recently is starting to be worried about the continuous correction that this token is suffering since the last ATH on April 29th.

Don't worry guys, EOS is just suffering the "natural" correction of all the market these days.

On its way, EOS is nicely drawing a Bull set up that I guess is going to trigger a higher bull run again:

Where is EOS in the Day-chart?

Following the chart below:

• January maximum price can be selected as the end of the 1st Mid-term cycle wave.
• The almost 3 months correction has drawn the 2nd wave (correction)
• Currently EOS is drawing the 3rd impulsive wave of the same Mid-term cycle. While this 3rd wave formation, EOS has reached another ATH, at 22 USD.

Let's decompose that last 3rd wave:

If we try to decompose that third wave we can find a 5-waves subcycle, coloured in green in the below chart:

• From that count we can see that EOS is just building the 4th green corrective wave.

• so, there is still another 5th green wave to come which, in this case can be an extensive one and which I end up coinciding with the release of the EOS.IO mainnet, on the beginning of June.

• MACD also may confirm this bull run.

What to expect in terms of price in the coming days:

• My projection for EOS price within this month is at the level of 35USD with a dispersion fork of +/- 5 USD.

• If this count happens, EOS would occupy at least the 4th place if not the 3rd (between 29 and 35 Billion USD)

It may happen that, afterwards, a good correction would be triggered , bringing EOS to the level of 25USD again just "recharging" for another impulsive wave up.

Remember that EOS.IO will be launched in 27 days

eoscountdown.com

Enjoy Cryptoland!

@toofasteddie

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*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.