This is a weekly chart, Its gonna take time to reach the bottom target if it gonna ever do it.
Of course if its not dead by that time. We don't know how the cryptospace will evolve in the future and if it gonna mature enough to clean unproductive coins. but if it stays as a speculative market the EOS is going nowhere.
If tonight EOS closes below 4.3 dollars (Last fib defense) there is a very very high chance for continuation towards 2.2 dollars in the near future.
Evidences are very persistent but hopium is a money killer. Next target 0.46 $.
Everything is explained in the chart.
Reversal candle on the weekly timeframe accompanied by a huge volume spike indicative of a prolonged downturn correction possibly to 0.3 dollars.
Elliot wave 12345 waves. Everything is based on probabilities and not facts.
Looks like EOS missile is ready to lunch, very bullish setting is forming now on the 15min chart. We will see if my prediction plays out or I am wrong.
In life there are opportunities, success is when we catch one of these rare opportunities. I think, but I also could be wrong, that UTK is a life time opportunity. Real use case with limited supply and deflationary model, great idea, innovative team and technology. You have all the ingredients. One day, when crypto is more mature and dust settles for which...
EOS is back into the falling wedge, Its a reversal confirmation.
BTC is climbing these stairs since its inception, would it continue to do that? if yes, we will go to 25000$ very soon before ending up at 230000 $ at the end of this bull run to finally find a bearmarket floor at around 30000 $.
If next week, you wake up and see the weekly candle below the descending support, well prepare for old times fun. Alts market is gearing up and you can feel the heat going up. lets see how its gonna play. If it works, February will be unforgettable for years to come. 50 % is my ultimate target. (all indicators points towards this target)
9000 into the future?
Elliott wave + fibonacci + wedge formation, Dominance target around 50 %, multimonths increase in Alts. The slowest Alts wealth increase in crypto history has just started.