EOS Update: Reaching for the Top Line
SUMMARY
EOS has traversed the A,B,C and now wave D within the broadening pattern has recently been completed. Each wave touched either the top or the bottom line and as it is currently bouncing from the bottom, the next wave is expected to be E. IF price is gunnig for the top line of the pattern, the target price could be as high as $28.
The initial impulse could look like below (blue). Wave 1 could be considered complete with 2 almost as well. Wave 3 would enable the higher high and should all five waves be placed, it would provide the onset towards the upper trend line.
Thus far, the price action looks a bit three waveish. This means that the current price action could be a corrective bounce. The distinction between an impulse and a corrective abc needs to be monitored to gain the resolution. My primary count is that EOS price heads towards the upper line of the broadening pattern.
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?
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EOS/USD
@solisrex good work
Thank you, crazy lady.
Please be nice to Haejin.
He's my coach, and mentor.
Good to see it trending up. As long as we see volatility in the stock markets, that should be great for cryptos.
If you think this is where EOS is heading then you should have the same for NEO, Vert, ETC and about 15 other coins.
Theyre all carving out identical tracks, i'd post pictures but it wont let me. When i say identical i mean identical, look at the 1 month chart they've moved in sync.
That is true for many crypto's - they all follow the big whale - BTC to more or lesser degrees. One way to trade in this setup is to trade those that deviated from the BTC trends occasionally but will eventually catch up with the BTC trend - call it over valued or undervalued w.r.t. BTC or ETH if it trades for ETH.
true, the reason for EOS to increase will be some big announcements about the EOS coin, for example bitfinex announced that there will be an exchange "EOSfinex" that will be built on the EOS blockchain
The reason is that most of the altcoins are only tradable in BTC, so they're tied to BTC price fluctuations.
Why Cryptocurrency Investing is a Terrible Idea WARNING: ONLY READ IF 18+ AND ABLE TO HANDLE THE TRUTH... GRAPHIC LANGUAGE USED https://steemit.com/bitcoin/@investingtips/why-cryptocurrency-investing-is-a-terrible-idea-warning-18-only-graphic-language-used
at the end of February there will be a lot of growth!
this is a good analysis
But haejin you told us that EOS going to $3.
Well I am good trader than you,that i didn't sold.
We could still see EOS go down to $4 IMO; if BTC tests $4,800.
@projectenergy its a big joke that Bitcoin go there.But I am confused that haejin mind change after every few days now i confused.
You are always confused anyways.
@juliealexander. Go AWAY! Stop bitching!
Why Crypto Investing is a Terrible Idea... Graphic Language and References Used... Do NOT read if you are under 18 https://steemit.com/bitcoin/@investingtips/why-cryptocurrency-investing-is-a-terrible-idea-warning-18-only-graphic-language-used
Your reputation will go negative if you keep this up. Or perhaps I'll get bored and mute you.
Yeah yeah, keep down voting me buddy, did you not read my post? Oh wait you're a crypto fan you guys never read anything truthful, only shitposts that say bitcoin to the moon or lambos tomorrow! LOL pathetic... I don't give a fuck about my reputation on this website, when cryptos die you think this website won't go with it? I sincerely hope you have invested all of your money into cryptos and you do NOT get out before the crash. I will think of you specifically when crypto prices plummet to zero. :)
Okay, thanks for behaving like a child:
I don't feel any remorse about my upholding of @haejin's request to not spam his blogs.
You think attacking all of my posts, because I am being appropriate in attacking only the comments that you made against the owner's wishes, is the correct response?
No, I did not read your advertising. Glad you don't care, because it's happening!
Thanks, Mr. Lee.
quite insightful! thank you
Nice1
Everyone please stop feeding haejin money! if you say that ten coins will rise a day obviously your going to get a few hits in this lucrative market. He makes multiple posts a day accumulating over 300 dollars a post. We need to stop feeding him money because all he does is decimate the reward pool and doesnt care about steemit or steemians! NO MORE HAEJIN
The Everipedia airdrop alone should be enough to push EOS to $28.
In six months, if it doesn't run on EOS, it is obsolete.
Dan is singularly adept, and is finally working with partners who get it.
Unfortunately for the BTS dream, the no-fee exchange coming to EOS wins all.
And their social media platform will make myspace out of steemit.
Everyone just should have listened to Dan.
I certainly, do.
Strange that even now, only a few of us see it.
Oldie, but goodie
Dan is asking about Crypto kitties in 2014Coins to Watch 02/12/18 - 02/18/18
Monero (XMR)
Monero (XMR) is one of the most well known anonymous digital currencies and XMR employs the use of ring signatures to ensure its security, privacy, and complete anonymity. While there is a large number of cryptocurrencies that operate in the privacy space, Monero is the most popular and the largest by market cap, and regularly inhabits the top 15.
Because of its popularity, XMR has now become a prime candidate for forking and a new project operating as a split from the Monero blockchain has been announced.
MoneroV plans to hit the market in March and aims to maintain a limited supply of coins in comparison to Monero’s infinite coin supply. In addition, the team behind MoneroV promise to implement new protocols that will solve the scaling problems facing coins such as Monero and Bitcoin.
All Monero holders as of block 1529810 will receive MoneroV, and anyone who holds Monero prior to the fork that is scheduled to occur on March 14 will receive 10 times the amount of Monero they hold in the form of MoneroV. For every 1 Monero (XMR) coin held, it will be possible to receive 10 MoneroV (XMV) coins.
As a result, the price of Monero looks set to rise at the forking date draws closer and investors choose to load up on XMR in order to benefit from the airdrop of XMV.
ZClassic (ZCL)
ZClassic is another privacy coin planning to fork and ZCL uses zero-knowledge proofs and decentralized and open-source technology to ensure the privacy and selective transparency of transactions.
ZClassic was originally a fork of Zcash and came into life after Rhett Creighton decided to fork Zcash and remove the 20% fee. ZCL also differs from ZEC by removing the slow start, thus allowing the market to decide the price. ZClassic is set to fork again, this time into Bitcoin Private, a coin that looks to implement privacy features on the Bitcoin codebase. Due to the current price of Bitcoin forks, interest in ZClassic has spiked since the announcement. The fork is set to take place on February 28 and the price of ZClassic has already shot up since the end of December. After reaching a price of over $230 in early January, ZClassic is currently trading at a price of around $100, and looks set to increase in value as the end of the month approaches.