Resurrection of a Giant? EOS showing signs!
EOSBTCWhat to say about EOS? I think everybody that has somehow followed EOS´s development from time to time knows that he/she actually doesn´t know anything about what is going to happen with this project.
Some might think they know, but lets be honest. WE DO NOT KNOW!
The very same dilemma can be seen in the Chart structure.
EOS still suffers from a 3,5 year downtrend and has been on a flat line ever since 1 year (more or less).
Looking at the weekly chart we can assume the bottom is in (never say never!)
The upside potential is greater than the downside.
Getting back to the old Fib line of 0.23 means a massive 470%, which I think is very possible.
By the end of 2022 I can even see a 1000% upside move as a potential.
Needless to say that positive/negative news about EOS will strongly influence price movement.
Main reason for this is that EOS is not trending at all right now. And in order to give it a proper pump we need people as this is no small cap coin.
Lets see what will happen in the end, EOS is definetely on my watch list.
Enjoy and protect your capital.
Best Regards,
Thatwalletguy
PS. No financial advice, do your own research
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