EOS - BUY - +480% Upside Potential - Seeing the Obvious Mega Cup
Hello. So let's address the most obvious chart in the world, and that is EOS/BTC. The thesis is almost exactly the same as my prior XLM thesis, which is that we're seeing all the right ingredients for the price of EOS to quadruple.
So let's look at this cup:
1. Starting in July 2017, EOS lost 93% of is value against bitcoin in a slow, steady move that took three months to reach trough
2. For the most part of that selloff, EOS's sell volume was relatively low
3. At its trough in mid October 2017, EOS displayed unusually high buying volume, reversing its downward progression
4. In the weeks after its trough, EOS has experienced very supportive volume throughout its steady march up
Now, what's the reward?
1. EOS is roughly 2/3 of the way to fully completing the cup
2. As with most cup (and handle) formations, such as that experienced in the aforementioned XLM thesis, you can size the magnitude of the upside by the depth of the cup
3. THEREFORE, when we look at the completion of the cup and the invariable momentum that's associated w/ breaking ATHs, it's very very plausible that EOS sees nearly a 5x return from current levels
Ladies and gentlemen, this is the beauty of weekly charts. Sometimes you need to take a step back from the daily moodswings of the market and look at the groundswells of weekly price moves. In this case, we are able to see a most obvious upside for EOS. Though you may have scoffed at this thesis a few weeks ago, in the current market environment, we are seeing major price action in large cap tokens. After each of these tokens swell, investors pile into other large tokens. A 5x on EOS is not implausible. In fact, I would say that it is almost likely.
This is one of my highest conviction ideas right now. Buy EOS.
So let's look at this cup:
1. Starting in July 2017, EOS lost 93% of is value against bitcoin in a slow, steady move that took three months to reach trough
2. For the most part of that selloff, EOS's sell volume was relatively low
3. At its trough in mid October 2017, EOS displayed unusually high buying volume, reversing its downward progression
4. In the weeks after its trough, EOS has experienced very supportive volume throughout its steady march up
Now, what's the reward?
1. EOS is roughly 2/3 of the way to fully completing the cup
2. As with most cup (and handle) formations, such as that experienced in the aforementioned XLM thesis, you can size the magnitude of the upside by the depth of the cup
3. THEREFORE, when we look at the completion of the cup and the invariable momentum that's associated w/ breaking ATHs, it's very very plausible that EOS sees nearly a 5x return from current levels
Ladies and gentlemen, this is the beauty of weekly charts. Sometimes you need to take a step back from the daily moodswings of the market and look at the groundswells of weekly price moves. In this case, we are able to see a most obvious upside for EOS. Though you may have scoffed at this thesis a few weeks ago, in the current market environment, we are seeing major price action in large cap tokens. After each of these tokens swell, investors pile into other large tokens. A 5x on EOS is not implausible. In fact, I would say that it is almost likely.
This is one of my highest conviction ideas right now. Buy EOS.
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