SUMMARY
EOS short term shows that a symmetrical triangle (blue) was formed as a likely corrective consolidation. Price has started to breach out of the upper blue trend line and IF this leads to a decisive breach, the an impulse motive would confirm the resumption of the uptrend (white).
On the bigger picture, it shows that waves 1,2 and 3 are likely complete and 4 could be also. Given that the MACD is showing a bit of oversold status; the onset of the sizable wave 5 could have potential.
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thanks it looks EOS is at good position now.
EOS is a dark horse in 2018
I would call it a white knight!
Extended wave 5 = Sell and run!!!
In case of EOS .. Sell 50% and run... :)
Or just enough to recoup your original capital investment.
exactly :)
good coment.. hehe
@tokyoin
I see one more dip before we start Wave 5?
Yes, the triangle needs to finish.
Timeframe is too small so this ABCDE is just the reactive B wave. C wave still missing! BTC is going to complete the B wave at 9600$ too so we may see some sort of uptrend completing the E wave and then C wave will drop the price hard again. Read here more about it: https://steemit.com/eos/@linko-crypto/eos-usd-09-may-2018-correction-still-in-progress
Haejin is whale enough to counter GrumpyCat himself.
Resistance comment deleted.
OOOH FUCK, BIG MONEY ARE GOING IN MY POCKET SOON!
The chart looks ripe for sure, yet every up move has been successfully countered with shorts selling into it. Once we get a little closer to the launch of the platform, a few weeks yet to go, FOMO will ensue and overpower them with the same forces that have created bullish divergences of late.
Great account, why haven't I been following you since a long time
@celeverbot
Is this post absolutely useless to 95% of steemit users ? and is this person just posting this to gain money for himself ?
It is not useless but don't take this analysis to be highly reliable. Haejin made several EOS TAs last 4-5 months and they all failed big time.
Read this for fun and maybe some ideas. Use fundamentals and watch what is actually going on with certain project. No TA can replace that.
TA works mostly for shitcoins, this is why you see Haejin posting ton of them every day, basically pump and dump.
I own EOS (bought it at $.67 last October) and 16 other Alt-coins... can't own them all and wouldn't want to frankly. This is great perspective via technical analysis, and coupled with fundamental analysis, one can make informed decisions based on their own situation- risk tolerance, cost basis, age, objectives, etc. Haejin's Elliott Wave info is of great importance to many of us, hence his success and also, his detractors... If the detractors and haters had something to proffer of value, his earnings and success would not be an issue; envy is a bitch. The 5% of us that own EOS appreciate Haejin's efforts.
thank you
great
Your post is full of informations.keep it up with more hardwork and smoothly.tnxs
Im very greedy!! Lol
Long term greedy it is
It's very risky for invest!!! I think it is a barmuda triangle....(/)..If you invest here an unknown force will take your money for ever!!!
Greed is Good
Go EOS
Gods I love it when you talk like that! Any chance you could do Bitshares now?
I'll do this tomorrow or Thursday.
i saw 4h Bullish Triangle but after a wekkend pivot can stop it https://es.tradingview.com/chart/hXHPxMtV/#