SUMMARY
EOS is entrapped within a broadening pattern which I call the Jaws of Wealth if price is sitting on the bottom trend line and that is certainly the case. Price moves in a five wave abcde scenario within a broadening pattern. The blue waves show that abcd are already complete and the blue e wave is on deck. This makes it an exciting time for EOS as the potential next rise could be sizable.
A closeup shows that while d is complete, wave e is currently being started, if not already. This means that the lower support line MUST hold against any decisive breaching. Though a temporary piercing would be favorable as that would make it a bull wick. The initial onset of the rise could be in progress as the abc expanded flat is labeled with all five subwaves of the C compelte.
One potential pathway to the upper trend line could be depicted as shown below. The blue line shows a large three wavish incline towards a price level never before seen by EOS. Exciting times are ahead of us.
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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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Any historical examples of this type of pattern?
Also, what do you think would trigger it?
That is, unless Bitcoin crashes, in which case, they all come tumbling after.
This is probably one of the most bullish coins besides NEO I've had my eyes on...the fact that Mike N's hedge fund invested money and Bitfinex one of the largest if not THE largest exchange is creating a decentralized exchange on EOS is so bullish IMHO...this looks like the jaws that Ripple had before it's ascent...can't find the chart that haejin posted but i was like "nah it won't go up that fast" "it will take a while to do that" ...sure enough It even exceeded and threw over the trend line within 2 weeks
Mike N also invested in WAX..
EOS is no underrated, people will look at it with Awww when EOS.io launches, and the price heads higher than high. Then they will ask, why didn't I buy any? lol
Its not only technical analysis that looks great. EOS is one of the few crypto currencies which have a rock solid technical foundation and a one of the best teams in the crypto space. No one else than Dan Larimer, creator of steem is the lead developer of EOS.
What if this happens while losing 50% vs BTC? Miss your charts vs BTC or eth
EOS/BTC looks like a cup and handle right now, with the current price sitting at the base of the cup. I.e. if the pattern is correct it should go up from here.
Bite my comment with this jaw of wealth
Seriously. I'm so ready for this.
So am I
This will be Dan's masterpiece, promoting life, liberty and property for all who choose to get onboard.
I hope the Jaws will grow even bigger
I'm Excited :)
You guys should come to the EOS telegram group we are quite productive here.
Welcome!!
EOS General Chat: https://t.me/EOSproject
EOS Governance Chat: https://t.me/EOSGov
EOS Developer Chat: https://t.me/joinchat/EaEnSUPktgfoI-XPfMYtcQ
Alas. Telegram too noisy and disorganised for my taste. Will check out the rental model though.
Thanks
I saw Dan Larimer's interview, and he mentioned that he doesn't hold any other cryto aside from EOS because there are no other coins that can do what EOS does. That really stuck with me, as I've been doing a lot of research into other coins, and have not found anything that has a better vision, community, development, and upside potential than EOS. I'm personally buying up EOS each week. But I'm guessing until they finish their ICO process in June, the price will not jump significantly as there will be constant supply of it coming in the market. So until then I'm guessing its the accumulation phase.
nice post you friends
Which exchanges do you recommend purchasing EOS? I have an account with Bittrex and Poloniex, but EOS is not available.
EOS is available on Kraken, but that website has proven to be clunky and unreliable.
Binance
I sometimes jokingly refer to it as "Earth Operating System" but, who knows, in 20 years pretty much everything could be running on EOS. Even Bitcoin.
EOS = Epic Operating System
sure am glad i few of them.... great stuff as always thanks..
Hey, Dear! You seem very creative! :) Great to have you here. Looking forward to your adventures!
I’m into motivation, psychology and healthy lifestyle in case you would like to visit my channel, VALUE guaranteed.
Nice post
Please vote and help me
Try adding to the conversation instead of asking for a vote.
Awesome! Any long-term price predictions for EOS? To me, this is one to hold for several years (I'm planning on 3-5 years). Thanks @haejin!
Thanks for your TA @haejin, could you check CND? By the way you are on point with BTC :)
It's not always about selling and buying, sometimes it's about luck too.
Saya koment bukan bukan apa-apa tapi saya ingin berkenalan.. 👍😂😎
As always, fantastic analysis my good man!
nice summary
It looks like EOS is now at the bottom of the stage
Super excited to be a part of this and share the amazing things happening through the Collaborative Art Journey and this artists community as a whole. I feel our dearest would be a great addition to this show---we all know she's really got it going on!!!
See you on Saturday!! Thanks for the invitation and for sharing the greatness happening in the arts here on Steemit. I appreciate you @haejin
See you there!
:)
Jai that ka peugot posting goe gam
Thanks for the info
I dont understand.
I am bullish for EOS. I will wait for the next rise.
EOS is a 3rd generation blockchain tech, if they succeded in developing a high number of transsactions per second and they connect to other blockchains they will win big, i see the future in tech like EOS and SEELE
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i need something to learn..
Thanks for the TA @haejin Could you have a look to GNT? from GNT/BTC it looks it could be a great opportunity! I'd like very much to see your point of view since I cannot really identify EW. Regards!
Good..
Dont forget upvoted account..
Thanks
Thank you very much for the update !!!
Thanks @haejin spending your time to analyse EOS. I am happy to read that it’s really a best coin to have it.
Thanks again and salute to you 👍🏻👍🏻
Check this out true wealth https://steemit.com/true/@askgloria/true-wealth
Great summary mate! I totally agree, maybe the Everipedia Airdrop will trigger the run.
Truely exciting times. EOS is an exciting prospect, may be even the most exciting currently. The EOS block chain, i understand is particularly very robust, and now you here foresee its great leap...
Also apparently, @dan and co., are building another steemit-like, although more improved, may be even more incentivised social media platform on it.
All these make investing in EOS a profitable venture, and the times ahead, as you say, are truly exciting.