The labels are the same as my prior post in this daily chart. The outlook hasn't changed as prices indicate the same bullish call as last time. Prices have gone lower and closer to the red c right above the white 2. Wave 2s and wave 4s each have 36 possibilities in form. That's why they almost always grind away for an extended time. This is where patience is needed.
In review, following the initial spike up, the first set of abc (red) correction completed. The c wave was nicely subdivided into i,ii,iii,iv,v (red) waves. Then impulse to wave 1 (white) followed by the current and boring abc correction that should complete soon.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
Thanks for sharing
I don't see this going up anytime soon. I absolutely LOVE this one though. Some factors I don't see it rallying soon: not released until next year, supply increases 2-million per day, market super overbought and EOS still hasn't moved with the other alts. Love, love, love this one though if Dan and team can deliver!!
I agree, its not going to start moving until all of it has been distributed, right now it is not a great investment
Markets need to pull back and all supply needs to be out along with the actual EOS being launched.
Wouldn't that make now the best time to accumulate low so as to sell high later?
As stated in my prior blogs for EOS, it is a 12-16 month investment and not a trade. But my analysis still holds for me until invalidated.
I heard similar positions about IOTA...look at it now.
hey haejin!
what do you think about siacoin it will go back up to highs from a few months back ?
I think so but won't be an overnight event.
I am hoping for a pullback to $1.25 to begin buying EOS.
Thanks @haejin.
Please consider buying using laddered rungs. See my past blogs that explain this technique.
Yes of coarse I will use laddered rungs in purchasing up or down.
Very good advice forsure!