I have posted a previous chart regarding the similarity of the EOS and ETH birth fractals. Very similar market cycle patterns with a clear elliot wave count. Once the downtrend is broken on Ethereum, we clearly see a number of impulsive waves. It is my opinion that the similarity in structure between ETH and EOS is no coincidence.
Now that EOS has broken the downtrend, we can calculate that EOS is running at a speed relative to 2.2x of Ethereum. This gives us a future project of significant break out from April 30th / May 1st, leading to a climax towards the end of June.
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A closer look at this short term price action. I believe if you can get bids filled close to that 0.5 fib, you have got yourself a good seat for the ride.
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Updated with some price targets if we are to follow the same % gains as Ethereum.
@KamilStasiak, have you compared the crypto marketcap in 2017 with today?
sdzd1234
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@rektkid, reffering to EOS market cap and ETH market cap at the same price. Worth to notice
MaxL82
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@KamilStasiak, market cap is irrelevant.
When ETH was below 1 USD they said there no way it will ever reach 10 USD... it went to 1500.
When EOS was 50 cents they said there is no way it will go above 3-4 USD long term in 2018... it went to 18 just 3 months later.
sdzd1234
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@MaxL82, market cap is important especially if there is some precursor like ETH (or BTC), to which we could compare. If you saw also my idea, I m most bullish on EOS, but market cap is important factor.
vinifaza
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Keep us updated about this chart!
cryptopicasso
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golden
BudBronson
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Good one!
MaxL82
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I still have your previous analysis open in my browser :)
Looks like cryptos love fractals.