The first wave up went to just above $18, then corrected to just below the 0.786 fibo.
The second wave up went to just above $23, and then corrected, currently sitting just below the 0.786 fibo.
Is EOS ready for a move up? Using the ratio of peaks (second peak / first peak), the projected target for the third peak is $28 ... but $30 can easily be a level that it gravitates to.
On the downside, of course BTC going down will likely cause further EOS correction ... but I do see the $6 range as strong support. Likely the buy zone is $6 to $7 and the we wait it out ... if BTC starts a rally, EOS could do very well.
Remember, only a fool relies on one potential outcome!
Do not use this information for financial decisions. For educational purposes only.
Let's hope that Dan Larimer removes the current set up and just implicate what ETH team is doing. Otherwise, EOS is just useless.
ETH hack was a phenomenal one. The reason was given prior to hardforking the chain... and we had ETC and ETH as a result.
If this continues, then EOS will end up being a joke with 10 different hard forks within a year.
But yes, something good appears to be happening with EOS today. Check the news: