EOS (Bitfinex: EOSUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EOS began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in May 2019, and the red wave two (blue sub-waves a-b-c) correction ended in December 2019. If this wave count is correct, EOS should be heading next towards the May 2019 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe EOS is currently in the red wave three (blue sub-wave iii). The red wave three began in December 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
EOS is a decentralized platform providing fast and free transaction processing. Coin Bureau reviewed the project two months ago.
(Sources: https://eos.io/)How Will EOS Trade?
EOS (Bitfinex: EOSUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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