The count on EOSUSD strongly suggests that we have bottomed and have just started a Wave 1 rise.
Since this is the beginning of the impulsive wave and there is no price history, it's still unclear how high it will rise in the immediate term but that should become clearer as the price action takes shape of a 5-waves up.
There is of course always the possibility that we are still in correction mode. Should the price move below $0.47, then we have still to complete the down-move, while a strong move above $0.85 will confirm that the bull run has started which is my primary expectation at the moment.
I am very hopeful and was also thinking the same as what you have predicted. 0.50 was a great entry point for anyone looking to get in as it was trading at approx. 1.80 a few months ago and has potential to be a strong competitor to Ethereum in 2018.
DanAlexandruMarii
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Anyway, unless you what to lose money, it's not a good moment to enter. Neither short or long. 0.50s is the best price to enter.
DanAlexandruMarii
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It mag even go lower than that.
Eboard10
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@DanAlexandruMarii, If you're a day trader maybe not but if you plan on hodling event for say 6 months, then it's definitely worth getting some. Like I mention in the OP, if the price moves above $0.85 then EOS has very likely bottomed.
DanAlexandruMarii
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There is no logic to this pump. Eos is still in ico faze and it will be untill june next year. It's probably a pump and dump.
Eboard10
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@DanAlexandruMarii, All coins/tokens are subject to pump and dumps as the majority of investors are really just buying to make a profit (even if they care about the project and its cause). EOS is just following a standard pattern which is seen with all ICOs. Very similar to IOTA, just at an earlier stage and taking longer for the price movement to develop.