As we know EOS will be launching their Main Net on the 29th June, I wanted to use Elliott wave and a Fib retracement to show everyone the potential path EOS could take...
Last night we completed wave 4 although saying that if EOS breaks further down today by 1000 sats then this will invalidate this impulsive wave. If it carries on upwards today then we are good to start wave 5, so just keep an eye on that during the day.
If you want to be kept up to date to see how this chart plays out then follow this channel and we will keep you updated.
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Sorry guys I got the date of the Mainnet completely wrong!! The Mainnet will be launching on the 2nd of June... Let us see if the chart still holds up as we are still the the bottom of the 5th wave
Great video, thanks for putting it out there. My fingers are crossed.
My thoughts,
EugeneWoodMyLife
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@AndrewWalker, well lets see how it plays out over the next few days... I bought the dip at the end of wave 4 so I am hoping we see some nice price action.
Insektosaurus
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June 2nd.
EugeneWoodMyLife
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@Insektosaurus, oh wow I can't believe I got the date so wrong I got confused between another project, thanks for the heads up
Insektosaurus
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@EugeneWoodMyLife, np. Price action and high volatility will all happen before then. This is a high risk - high reward play. Tokens will be frozen on exchanges, no wallet for the mainnet tokens exists (yet) => if you buy and hold trough the launch you might only be able to sell a couple of days (worst case even a week or two later, but so is everyone else). My two cents: The genesis address is worth it :).
EugeneWoodMyLife
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@Insektosaurus, Yeah the genesis block is going to be so worth it