EOS 2022 and beyondEOS seems to be putting finishing touches at the bottoming wedge/triangles.
The uptrend channel held. I expect a break-out any day now.
EOS will most likely hit $12 (top of the downtrend channel) later this year.
Good time to sell and take a break till 2025/27..
The bigger picture toward the end of 2022:
- deescalation of current conflict
- introduction of digital currencies
- possible whole sale ban on cryptos
The bigger picture into 2025/27:
- re-escalation of conflicts in the world, culminating in 2025/27?
- end of the USD (2024/25)
- crash/bottoming of stick markets into 2025/27
- topping of gold/silver into 2025/27
Chances of cryptos (EOS in particular) breaking out in that climate are very slim.
Exact path EOS will take is hard to know:
- maybe uptrend channel will hold at $3.5?
- maybe the symmetric triangle will hold at $2.5?
- maybe we go all the way down to $0.6?
As we get more points with time, things will become more clear.
