EOS to take over -- rising wedge combined with cup and handle
I have been trading for 6-7 years now and stumbled into crypto a couple years ago. I don't trade full-time but have seen my fair share of wins and losses. One of the lessons I have had to learn is patience. What am I being patient for? The right setup. Throwing money at a chart that doesn't scream buy is a bad idea and I have done that more times than I can count.
This chart though... If it does not explode to the $20's I swear I will forget trading all-together.
First off - the rising wedge is real nice. It could not get any more spot on. EOS might bounce around for another few days but it should explode higher granted some catastrophe doesn't happen.
Second - on top of that the cup and handle is really decent. Coming together with the wedge is perfect.
I could be wrong with this but hey > its one of the best intermediate time frame setups that I've seen in a while. GLTA
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Taking over ETH one day at a time!
Next Jump
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-will-retest-20-k-before-30-march-2018
EOS will take over ETH? Sounds like fantasy to me my friend! Anyone who likes real advice and investing information check out my posts, and I follow back if you follow me!
A am counting on it!
You obviously haven't read up on EOS, or followed the development progress. ETH has significant scaling issues, EOS does not. ETH uses an interpreted language, EOS uses C+ which is significantly faster. I.E. Even more scaleable! ETH is looking more and more like Bitcoin all the time. Large, slow, less adaptable.
ETC could be a contender for ETH, they have had a lot to think about and are making changes to follow.
Time Will Tell! :D
I think you underestimate the power of first mover. I mean look at bitcoin, it's technology is rubbish and it is still by far the largest crypto! Also, all the people who have created businesses through Ethereum are just going to give up and start again on EOS? I think not.
Ethereum has at least proven what it can and cannot do already, everything in terms of EOS capabilities are speculation until they are a $127 billion cryptocurrency like Ethereum. Time might never tell whether EOS can handle that popularity, because I would be very suprised if it ever hits $100 billion+ market cap.
EOS will quickly eclipse ETH, regardless of the number of programmers it has. Anyone who knows C+ can pick up the docs on EOS and begin programming DAPPS on EOS. There are thousands of books, courses and videos on programming in C+.
ETH uses a new language with extremely little documentation, with even fewer developers who know it.
A handful, vs. Millions. You do the math and see which one will be the turtle. ;) Keep researching, the more you learn the better you'll be at predicting Crypto. ;)
(Bitcoin is also losing ground to more capable coins... Watch this continue until they release a fantastic coding update everyone likes. If they ever do. :) )
Good post. When I started learning Ethereum & Solidity it was a nightmare with very few docs etc to learn from.
Now there are a handful of very good video courses but it is still difficult to learn Solidity and bugs in remix etc but getting better.
When i test a contract it can take 30 seconds for Ethereum to tell say a test small lottery contract so the user who entered the contract needs to wait 30 seconds " please wait confirming your entry to lottery" .
Many wont wait for the app message on screen "You been entered in the lottery" message to come back 30 secs later they stare at the screen impatient and click away.
Many hacks, eth stolen, $millions eth locked in contracts due to security issues and contract killed by kids messing on github....
Certified Ethereum Developer exam still not available at cryptoconsortium.org so no standard qualification, but ethereum still newish so could overtake bitcoin , who knows.
EOS if they get it easier to code than solidity and faster to transact on blockchain and cheaper will overtake ethereum , have to wait and see its everything to play for 2018 interesting year.
I made a one hour video course on my blog about EOS 1 year ago as i saw it had great potential, June 2018 be interesting and significant if they get EOS to be better than ethereum.
Nick
Certified Bitcoin Professional
It wont be quick but i think EOS does have the potential to become #1 in its market. I bought a bunch when it was under $1, i couldnt believe it was so low. I guess the FUD about a scam had something to do with it but still, if they can do 80% of what they promise this will be big.
I agree with both your points. first mover is a MASSIVE advantage especially with smart platforms that are already having big projects built on ethereum. With that said, its still early in the game and if EOS can produce i think you will see them gaining ground on ETH once they are up and running. ETH programming can become a hurdle that gives EOS the edge they need to pass them
i will check your post>!
Follow me
To the moon man. I like your post.
Retracement and consolidation at the moment. Follow me for more!
yeah nah you're technical analysis was wrong. It's not how you do it ... the key is all about support and resistance lines and then news. Nothing more nothing less.
https://www.coinigy.com/s/i/5a5b5ea54c045/
excellent post. people are making a killing on steemit because they look like some oracle because they predicted a bunch of coins going up. Well the whole market went up. people were using TA that included pump and dump groups as critical points in there TA and had no clue it was a pump and dump (and when told that they thought it didnt matter because of the triangles of truth.
People could have put coins on a dart board and thrown darts blinded folded and doubled their money in december. All these formations are getting ridiculous, the biggest thing is research, any news coming out, who is a member of the team, any updates coming, how are the updates performing, partnerships, etc.
I Agree!
Stock market analysis has routinely failed in the crypto world, as far as predictions go. Software updates and problems/success make huge changes in a day, completely messing up these kind of predictions.
Stock market analysis fails routinely in the stock market world.
LOL Indeed it Does!!
:D
Actually I was right - after my post price hit $18+ but keep using whatever method works for you :)
This month $50?
I sincerely doubt it but anything is possible
I believe in it science the beginning. :)
Eos has lots of potential. People gotta learn to hold (:
Eos rules!
I definitely agree that EOS has potential. Every alt coin with a road map has potential, intrinsically. EOS has the added benefit of being a "Blockchain 3.0" coin like Cardano and NEO. That being said, its our duty to recognize good shilling from bad, and this post is bad!
yeah it was mainly a plug for the trading site > regardless I was right ;)
Well, he was right EOS has exploded. Now, by analysis, it is maybe Bitcoin's turn!
https://steemit.com/bitcoin/@investingtips/bitcoin-to-crash-again-how-to-trade-an-expanding-triangle-tutorial
Some of the best things that have ever happened to us wouldn’t have happened to us, if it weren’t for some of the worst things that have ever happened to us.”
EOS is making a special announcement at their meetup in South Korea in a few hours. Rumors that they might announce a major parternship. Could do wonders for the price of the tokens!
that my problem I am holding all good coins just cant afford more lol...
Nice graph thanks for this post 👍🏽🔝🔝
Some of the best things that have ever happened to us wouldn’t have happened to us, if it weren’t for some of the worst things that have ever happened to us.”
Hey, the UPcoin that you linked at the end of your post has inconsistent information on their website. I think it's worth noticing.
Thanks for point that out. I'm not sure if I will continue to push the site.
I checked on this and it looks to be a 2% fee for fiat only .2% for trades. I agree it's somewhat confusing.
I can't tell if this is sarcasm or not...If it's not, I've gotta say... I don't think technical graph analysis really works for alt coins. If crypto currencies were a stable asset class and actually reflected some aspect of modern economy, then maybe technical analysis would be helpful. You can track basically every alt coin's boom with major anouncements or shilling in the community.
Just my opinion though!
This has been my thought from the start.
wise words for sure
strong wording withcareful analysis. but crypto market is no respecter to technical analysis. it more of fundamental and sentimental. else this setup in other market its a bomb. its a money dublicator.
EOS will be King!
EOS has a lot of potentials.
thanks for the post
I agree.