EOS to $37.00

Eos can be thought of as a decentralised operating system. It was launched nearly a year ago on 26 June 2017. Its rate of growth has far outpaced that of BTC 0.46% and ETH.
It will launch on its own blockchain in five hours.
There is strong resistance at 12.00. I would close the trade on a sustained breach of this level
Take profit at $37.00 I estimate about 300% profit in about 60 days. This will be for medium term holders.
It has been many months since I used a logarithmic scale to chart a currency. You can see that this Schiff pitchfork shows the price action very well. I will post a standard (non logarithmic chart) below


It has made a new all time high on 29 April 2018.
I sold this the next day at 20.00 and bought back at 11.86.
See related ideas below

Trade active:

Daily Non logarithimc chart

Comment:

EOSETH

Comment:

Despite the bearish chart that I posted in BTCUSD today, I feel that the next few months look positive for EOS. The target is just under 0.04BTC at the end of August.
I will look at closing the trade if EOSBTC falls below the lowest parallel line.
To get a broad context I follow EOS against USd BTC and ETH.
I dont think that we will see new money coming into crypto yet, so most of the EOS that will be bought will be those that hold ETH and BTC

Comment:

Comment:

I have moved the fork to show the new breach ( where the blue and purple areas meet ) . This is important technical damage which means that we could easily see 6.00. There is a level of support at the Fibonacci level 6.15
Note that from the of January it lost over 8 percent of its value

Comment:

Note the move down from January to March in being copied in a fractal manner.
If the pattern repeats then July might be a good time to buy