EOS current profile explained.Welcome to my new idea. Since cryptomarkets show less rapid downtempo We could observe differences between them. EOS behaviour is well known these days, I understand EOS bulls reason that's why I would like to put solution on the table: In short term investment EOS brings a lot of gains because of its volatile nature, stronger than in BTC's case. New ATH on this pair is out of the question, the nearest resistance zone should drag it down. But You see - these price jumps. If You would long here and it would work, profits could reach 10% while on BTC it would be, let's say, 6%. That's why You should keep an eye on this coin. Always remember about proper risk management, and try to use my tools on this chart. I will update this idea to judge final direction declaration. After passing through largest short on BFX We could expect some bounce, but final target is short position with decent base price.
Eosio
EOS - Crazy LongHonestly I beleave that EOS can do this or partially can )))
Approx target levels around $90-130. I publish possible levels based on logariphmyc trend chart.
Now we have breakout main bearish line and has a super tight BB before this.
It can be signal, that correction of first wave is over. We have 0.618 fib touch and more than 12 days of correction. It can be healthy for such bullish market.
Also we have 1D Stoch RSI on the dip now.
Fundamentals is easy:
* EOS ready to create native tokens and migrate from ERC20 tokens to itself.
* Also 11 may is positive day for all crypto because many currencies will be listed on Coinbit.
* Global positive announcemnt is Bitfinex want to create EOS.IO decentralized exchange till the end of this year.
* Comparing dApp currencies cap we have nice space to grow: ETH is $75B, EOS is $15.7B and TRX is $5.3B
Many positive things ready to happen at the end of may. And I think wave 3 is coming soon.
It can get some time to breakout triangle and ATH, I think on the next week we will see nice run.
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EOSBTC (A bigger cup and handle pattern soon)I applied elliott wave and when you look at on a bigger picture (eosbtc). You'll see how beautiful eos is forming a cup and handle pattern. :D
This is only my opinion, it's not advice nor recommendation to either buy or sell anything. It's only for informative purposes.