In my opinion, EOS is currently in the 4th correction wave and $6-$7 could be the bottom.
As you can see below, the 3rd impulsive wave ended around $18 and the correction wave started. Last week's correction was the first leg in my opinion and, as with the other major coins, EOS seems to be looking for its way but the bullish sentiment is still weak. That also supports the $6-$7 target.
When we finish the correction, the 5th wave can extend to $30-$50 range, based on Fibonacci figures.
For the short run, EOS is in an ABCDE formation and we may see price levels around $14.5 but this does not change the overall outlook.
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No way. Sorry completely misinterpreted
which part? short or long run?
Futures come on at 26 January. The new cooperation comes today. In Short Part its very bullish. In my opinion we see 20 Dollar in the near future. Then a slight correction, but not in the range 6-7 dollars. After the $ 20 we see the $ 48 until EOS appears.
At least $ 48, rather from $ 62. But as I said, only my assessment.
@siambull, I actually agree with you :) for the short run, it is speculative (BTC collapse to $8k, fud, etc.) but as you said today's announcement can change everything on a positive way.
For the long run, I tried to be conservative but 100% agree again. It is bullish, too bullish. Thanks for your comment.