Just realised that EOS is the 1D chart and ETH is 3D. That was by accident. But insane how correlated they are. Is EOS literally ETH on steroids?
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Next 2-5 daily candles should be the moment of truth.
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Looking for an RSI breakout over 50 on the daily to confirm the bull trend continuation.
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I'm expecting EOS to hold a 0.618 retracement of the impulsive move from the bottom.
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EOS reached that 0.618 a little quicker than I expected, but this idea is still totally in play. Expecting a some real ranging and chop for a few days.
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itshappening.gif
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Please see the related ideas below for further updates.
if it plays out, we're in for a ~50% up move over the next couple of weeks, then ~4 months sideways/down before the real fireworks start.
kniknox
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Nice chart btw. so I guess no more pullbacks
rektkid
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This is what I was looking for to kickstart this trend. Break of the log downtrend. Now looking at the 12hr ichi to see how we handle trading into the cloud. Next couple of 12hr closes will be quite telling.
lichnosam
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what news now?
MaxL82
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Thank you for the updates.
Doc-al-Citadel
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thanks
mash-inns
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This is excellent analysis!
Krowna
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Bravoo :D This is best i seen in long, great analysis!