SUMMARY
When I was recommending EOS back when it was $0.50 or so, quite a few thought that there was no way it would rise until the 2 Mil coins per month inflation went away.....hmm, it shows how Fundamental Analysis lags Technical Analysis.
Below is the updated Elliott Wave Count showing a target of $11.60 and I've also added the subwaves of the fifth wave. Can the fifth wave extend? YES! Would that mean higher than $11.60 if it does? YES! Remember, it's a personality trait of cryptos to extend the fifth!
Very bullish and nice looking Cup & Handle pattern! The target is currently at 0.00126 BTC but not too long later, all time new highs are likely!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**