PUT YOUR MONEY WHERE YOUR MOUTH IS! EOS has had several painful hype cycles that led nowhere, but now finally theres something great to look out for! The EOS Foundation!
The ecosystem has good economic activity. Growing userbase, more dapps coming, more updates from B1, etc.
*IF* Bitcoin is to lose its supremacy as the crypto market #1 kingspot in the next 24 months, it must follow this path at the same time EOS/BTC keeps climbing for the rest of this year. At this point. All I know is that the monthly MACD will cross...
Special announcements coming soon could trigger a big impulse wave.
This is a possible scenario given the lack of buy volume currently.
We need to watch if the volume will pick up or we'll be correcting further on this local top.
I believe we will be seeing a small correction towards the low 7.00s and high 6.00s before going for another bull run up to the channel resistance.
EOS could be forming an ABCDE correction wave.
this is one possibility among many many others the only question: is fundamental strong enough to sustain increasing demand/buy volume?
In my humble opinion, the 0.618 retracement for this wave seems too low for the current bullish sentiment of this market.