EOS is a blockchain-based platform that enables the development of business applications, or DApps. EOS supports secure access and authentication, permissioning, data hosting, usage management, and communication between the DApps and the Internet.
- This is my analysis for EOS , a lot of poepole asking about why EOS is not pumping.
- On the chart we can see a rounding bottom or cap and handle formation, which is bullish .
- After a rectangle consolidaton, the price started with an Impulse Elliott wave .
- First target 1:1 / below all time high.
- RSI is ready and volume favors bulls.
- For expected...
most pessimistic scenario would be another grueling sideways price action until Early summer of 2022
But if this happens it can only delay the pump much longer springing it like an elastic rubber band
therefore when it pumps it will be so violent that there won't be any retraces in between
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eos is one of the best in the market left over from the market.
I do not think it is unlikely that the price will rise to $ 100.
Due to the fact that it is located approximately at the bottom of the canal, it is possible for it to grow up to the canal roof
SUMMARY: Long, after the BTC sell off EOS has fallen back below the 200 MA. Technical Target $5.80
It is consolidating in-between the 200 MA and the EMAs.
Expect the bull run to get back on track in October, September is usually a down month with Profit Taking across the board.
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*Not financial advice...
EOS it's looking to short position to go back to the key support $3.40 USD EOS break out this yellow resistance and make 2 pull back that we could to entry to short EOS now!!! I put a sell order limit at $4.71 USD with the SL at $5.20 USD and target at $3.40 USD