Crypto Contest January 3: EOS

January 03 13:02 2019 Print This Article

EOS (Bitfinex: EOSBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Here is a closer look at the breakout.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, EOS began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, EOS should be heading next towards the April 2018 peak in the red wave three.

 

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

The target of the EOS project is to become the strongest infrastructure for decentralized applications, aiming at millions of transactions per second, no fees. The Modern Investor covered EOS on December 27, 2018.

(Sources: EOS and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “EOS will takeout the November 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “EOS will drop below the December 2018 low”.

If you think EOS is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “EOS will stay in a trading range between the December 2018 low and the November 2018 peak until February 7”.

(Chart courtesy of Tradingview.com (log scale))

You can upvote the comment until 3 PM EST January 6 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus 1

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.

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About Article Author

Markus Aarnio
Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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