EOS in a nutshell - Rose to ~ATH of $25USD at time of mainnet go live, then retraced significantly to start a new wave structure in December 18'.
9 months later, we have see a potential wave 1 (an ABC would not make much sense as the C would be quite negative), and so if we are off on Wave 3, with a correction to the tick of the .786, what can we expect.
Well, outside of the usual fakeouts and violent swings, the 1.618 makes the most sense (which also aligns with previous .618 from ATH $25 run up), at around $14.50. This, being Crypto, can easily imagine shooting well past this price. If BTC and the crypto market align, and BTC goes to $17k, or even $20K, we could definitely see EOS re-test its all time highs of $25, giving a potential return of ~600%. Stuff that dreams are made of, especially if this is just the Wave 3.
A lot of cryptos are looking good out there, this is just one of them. But in this market, EOS looks to be one of the market leaders as it bounced early last week and only is the crypto community talking about alt season today.
One to keep an eye on and, in the case of myself, take a long position in.
Good luck trading.
9 months later, we have see a potential wave 1 (an ABC would not make much sense as the C would be quite negative), and so if we are off on Wave 3, with a correction to the tick of the .786, what can we expect.
Well, outside of the usual fakeouts and violent swings, the 1.618 makes the most sense (which also aligns with previous .618 from ATH $25 run up), at around $14.50. This, being Crypto, can easily imagine shooting well past this price. If BTC and the crypto market align, and BTC goes to $17k, or even $20K, we could definitely see EOS re-test its all time highs of $25, giving a potential return of ~600%. Stuff that dreams are made of, especially if this is just the Wave 3.
A lot of cryptos are looking good out there, this is just one of them. But in this market, EOS looks to be one of the market leaders as it bounced early last week and only is the crypto community talking about alt season today.
One to keep an eye on and, in the case of myself, take a long position in.
Good luck trading.
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Update: No, EOS is not in Wave 3.