_______________________________________________________________________________________________________________________________________ Hello traders investors and community. This is an update analysis on my past middle-term analysis of EOSUSD, i wanted to update with an long-term analysis, now the day has come! We are looking on the daily timeframe and can see that EOSUSD is in an clear cycle, it gained unbelivable 450 % in the last month. _______________________________________________________________________________________________________________________________________ Now in my chart you can see that EOSUSD made a clear first bull-cycle with clear corrections and impulse waves, you can see it marked in the box,after the first cycle EOSUSD made an abc correction and formed the first correction wave of the whole cycle which you can see in the box 2, marked with the red number. These where the first steps of EOSUSD and how i expect just the beginning. We are currently trading in the third major cycle which you can see marked with the big green box and the number "3", we completed the first minor wave of the major wave three and completing correction now. _______________________________________________________________________________________________________________________________________ Also we can see, what is very important, that EOSUSD formed an upper trend-line which EOSUSD hit three times before going down and forming the abc-cor- rection, you can see the trend-line marked with blue in my chart. There is also a second trend-line formed at the major bottoms in the past, this is very important! Because as you can see EOSUSD made a major move to the down-side after touching the upper trend-line three times, now i am expecting the opposite, a huge move to the upside, after EOSUSD is ready to go higher! _______________________________________________________________________________________________________________________________________ You can see that EOSUSD is consolidating between the range of 3.4 - 8.6, there is also a triangle forming which upper trend-line is origin of the first minor the top of B in the abc-correction and the top of the last bull-move formed the months ago. The next months i am expecting a consolidation in this triangle before moving higher! When this pattern complete the target of 37 USD is intact, this would be a new all time high for EOSUSD, after this i expect a consolidation above the top before moving higher. _______________________________________________________________________________________________________________________________________ For me EOSUSD is a top coin which i holding in my portfolio and bought again for the LONG-RUN. It has a good project and foundation and just made baby- steps in the past, i am expecting much more in the future! _______________________________________________________________________________________________________________________________________ Okay hopefully you enjoyed this analysis! You can support me for further high quality market insight, i am doing every analysis as clear and understandable as possible and do not spread unrealistic approaches! So see you soon! This is only educational and should not used to take action in markets! May all happiness and luck come to you friends! Have a good day! _______________________________________________________________________________________________________________________________________
Komen
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Komen
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The proportion of the writings is a little bit squeezed but everybody should understand what is meant.
I'm searching for answers to the price action of our favorite token and happened on your work, so detailed and makes so much sense. EOS is today trading for 3.49-3.54, in a tight triangle that seemingly is holding us down. I will follow your work, this has been a hard one to remain faithful to, yet I haven't sold and plan to hold for at least a couple more years. Looking forward to your updates, thank you for your insights!