EOS: Bull Flag & Ready for Next Leg Up?
EOS has been consolidating in a clear Equilibrium pattern for over a week now. The Stochastic RSI on the Daily has reached a bottom and momentum is ready to reverse. Additionally, the Daily RSI level has touched the previous strong support level of 58 and held (Steve and Pauline Youtube channel does a great analysis on this).
With the upcoming EOS Airdrops, EOS main-net launch, and general positive & anticipatory sentiment, I see EOS making a major break soon.
With the upcoming EOS Airdrops, EOS main-net launch, and general positive & anticipatory sentiment, I see EOS making a major break soon.
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EOS broke the EQ pattern bearish. I see this move in direct correlation with BTC price action. I will be adding dollar-cost-averaging into my EOS long position at these prices as I believe it has tremendous upside potential.
Note
One thing I didn't take into account when I made this analysis was the fact that EOSs market cap was after the last run-up was very high - it ran from 
4BN to 18bn in one month. That is insane. The market cap has now pulled back to 11bn. For reference, ETH is 68.6bn and XRP is the next highest at 26.7bn.
IMO, XRP is a shitcoin. So if EOS is able to provide true value (the way we think it will) in the crypto space, I would project the market cap reaching north of 30bn at some point this year. This would project the price somewhere in the $40-$50 range.
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