I have posted a previous chart regarding the similarity of the EOS and ETH birth fractals. Very similar market cycle patterns with a clear elliot wave count. Once the downtrend is broken on Ethereum, we clearly see a number of impulsive waves. It is my opinion that the similarity in structure between ETH and EOS is no coincidence.
Now that EOS has broken the downtrend, we can calculate that EOS is running at a speed relative to 2.2x of Ethereum. This gives us a future project of significant break out from April 30th / May 1st, leading to a climax towards the end of June.
Now that EOS has broken the downtrend, we can calculate that EOS is running at a speed relative to 2.2x of Ethereum. This gives us a future project of significant break out from April 30th / May 1st, leading to a climax towards the end of June.
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A closer look at this short term price action. I believe if you can get bids filled close to that 0.5 fib, you have got yourself a good seat for the ride.
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Updated with some price targets if we are to follow the same % gains as Ethereum.
