EOS has been consolidating in a clear Equilibrium pattern for over a week now. The Stochastic RSI on the Daily has reached a bottom and momentum is ready to reverse. Additionally, the Daily RSI level has touched the previous strong support level of 58 and held (Steve and Pauline Youtube channel does a great analysis on this).
With the upcoming EOS Airdrops, EOS main-net launch, and general positive & anticipatory sentiment, I see EOS making a major break soon.
With the upcoming EOS Airdrops, EOS main-net launch, and general positive & anticipatory sentiment, I see EOS making a major break soon.
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EOS broke the EQ pattern bearish. I see this move in direct correlation with BTC price action.
I will be adding dollar-cost-averaging into my EOS long position at these prices as I believe it has tremendous upside potential.
I will be adding dollar-cost-averaging into my EOS long position at these prices as I believe it has tremendous upside potential.
The market cap has now pulled back to $11bn. For reference, ETH is $68.6bn and XRP is the next highest at $26.7bn.
IMO, XRP is a shitcoin. So if EOS is able to provide true value (the way we think it will) in the crypto space, I would project the market cap reaching north of $30bn at some point this year. This would project the price somewhere in the $40-$50 range.