Everything is in sync, end of the February seems to be the D-day.
Everything seems to be getting synchronized into the end of February: stocks one more bounce, gold, & silver one more drop. Most likely war is coming, and for stocks interest rates = contraction of credit = end of the bubble.
Russel has finished last ABCDE of its primary triangle, one more small bounce is expected. The end of the primary cycle coincides with the triangle end of the cycle : s3.tradingview.com It also coincides with the triangle end of the supercycle: s3.tradingview.com Where is the bottom - I am only guessing, but it looks like it is the end of the road for the Russell.
Apparently I (and everybody else bullish on EOS) have been humbled by the market :( It seems EOS is sitting on an important juncture of bullish and bearish channels. If we go down, we may go down below $1 If we go up, the battle is still on to go above $12/$13 and break out of the downtrend channel. The crypto climate (mass psychology is extremely bullish) is...
Apparently I (and everybody else) who is bullish on EOS have been hummbled by the market :( EOS seems to sit on an important juncture, deciding which trend (channel) to follow, if we go down, we may go down to $0.8 If we go up, the battle will be to go above $13
All this fake break-outs and crawling along the baseline is testing everybpdy's patience, finally a triangular pattern emerges! Once we clear the triangle we should be off to the races.
EOS is breaking out, linear regression momentum indicators: and are all turining green on all long term time frames: 3D: 6D: 12D: 24D: 48D will go green above $5.5 48D: Hold onto your hats, it is going to be one hell of a ride.
It looks like a triangle that needs one more drop to $45k before breaking out - $200k-$400k in the next year. My linear regression indicators from the chart:
The breakout out of the triangle is right on schedule, buying volume has started to pick up, guessing $8.86 in a month. Wondering if we can reach recent high $15.2 by the end of the year and maybe all time high $23 by Q1/2022. EOS is set to outperform ETH and BTC in coming months.
This chart is even more convincing (than EOS/ETH) for the future rise of EOS, the bottom boundary seems to hold and reversal seems imminent.
EOS is certainly testing my patience, but all charts suggest it should start rising soon, and a lot rel to the behemoths like ETH or BTC.
The sharp vertical drop with nearly identical impulse recovery seems more indicative of wave E than C as I had it in my previous idea. Looking at the larger time frame this is a continuation pattern with the next stop around $50 - top of the lrge triangle.
There is not enough data to support any of the long term projections, but considering the state of the world (markets crash) and possible gold and silver patterns, this is an alternative scenario. We'll have to wait and see what happens around 23, maybe we'll get a triangle as depicted.
Silver is creating a triangle = falling wedge pattern, which is very bullish and fits larger pattern.
Still not giving up on EOS! I wonder if my wave counting is correct, if yes there is a bright future (till the end of the year) in front of EOS, along with Bitcoin ($200k)and Ethereum ($8k).
TME is creating a nice megaphone pattern, a bit dubious though considering horrible state of the world economy (and China "restructuring"), but the stock has already been hammered to death.
More detailed intermediate picture based on gold and silver triangle patterns.