EOS Analysis Could Target a Bull Wick or $3.30
SUMMARY
I believe EOS has great potential and future and had recommended it when it was $0.47 in October of 2017 and many had called this a shit coin because of the inflationary release of new coins. As it hit $18+; a whopping 3,533% in profit was pegged. Not too shabby.
I had posted the below broadening pattern during the last post on on February 28th. However, at that time price was sitting on the bottom white support line of the broadening pattern. The condition was that this support had to hold. Today, price had breached the line as shown in below chart:
It would be favorable if this breach is only temporary where price soon returns back inside the broadening pattern. IF that occurs, then a bull wick would be labeled. It is imperative tha price not remain below the support line more than a day or so lest that support become a formidable resistance.
IF the price remains below; it is likely not the end of the world as the whole decline is still a correction and every correction comes to an end. I've updated the abc (red) subwaves and the component five impulse waves (white). However, the bottom target could be at around $3.30 or so but that would be 43% below current price level....not a favorable scenario.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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?
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sad situation with EOS
waiting for a new day :) and the light at the end of the tunnel
EOS to the moon! Great projects is coming . Great news! Great airdrops!
Nothing sad about EOS. It's the future of Blockchain, whether we like it or not. And that's a good thing. EOS is a massive buy opportunity. The price going down is a gift to those that want in on the cheap.
@HAEJIN great !! You are proactive, better to be analytical and far better than to wait and watch the brightness of something to act.
Like to know your opinion...I am voting you.
eos is a good buy
thank you ~~
Not even close
Wololo!
(RandoHealer has conducted healing on this post due to downvotes incurred here)
Lol it never ceases to amuse be when people don't understand how the process of TA works. Good for a morning chuckle.
Yeah, he is bad at memes. I already told him. 😂
all the altcoins are going down right now, in the short run the bull is not expected.
Eos will be under 1 dollar if this continues
if it is less than 3 $ I will buy for all money !!
EOS is a mouthwatering prospect. The Hype has in deed only grown since it was revealed that The EOS block chain will incorporate a social media platform similar to Steemit.
EOS might be the first of my investment portfolios, as i gain more familiarity with cryptos. Indeed, i have taken time to study about it, and have even written about it.
This is a great take on it @haejin. As always i am glad to learn.
Why do you think the creator of EOS and Steem would downvote haejin? I mean why did he?
When did he do this?
five separate times yesterday (Thursday, March 8) between 5:11 & 5:13 PST. He did not downvote this one, though :) He also downvoted a post by Adam Kokesh, interestingly enough. The day before he downvoted mercurybot several times, along with upmewhale, upmyvote, ipromote and bitgeek.
I saw his downvotes and wanted to check if he does EOS as well, but no luck. 😂
Interesting choice of accounts to downvote by @dan. He hasn't downvoted this one though, i guess he agrees with @haejin's analysis of EOS.
He hasn't been online since this was posted. He obviously just disagrees on rewards like all the other people flagging haejin. Also for sure Dan and not ned.
An interesting thing to note. Bernie Sanders rep is low because of Dan. So Dan and Bernie Sanders have only agreed on one thing the whole time I have been on Steemit, and that is flagging haejin.. why would he do it? That was my original question, why did he do?
When did he do this?
It wasn't Dan but prolly Ned who has issues.
I agree Ned has some issues. Dan is right in most things he does.. and it was for sure Dan and not Ned who is downvoting Haejin.. Its just one more thing that Dan is doing right. Sure the Haejin fans must think if Dan is downvoting Haejin, Dan isnt doing it for attention, or money like Haejin says we all are, so what are his reasons? Care to take a guess?
Thanks for helping @Dan
Bullshit 👎🏻
It’s now at 5.64