-Tracking what appears to be a long growth cycle for EOS.
-Doesn't seem to be averse to large dips below the macro curve before resurfacing.
-This could possibly due to psychological trauma of those investing (not to mention crushing of hype when it from was new),
-Especially since the chart looks cataclysmic on a non logarithmic scale.
-I personally expect a slow but steady chug upwards, fulfilling and then eventually exceeding retracement from the last all time high.
-Doesn't seem to be averse to large dips below the macro curve before resurfacing.
-This could possibly due to psychological trauma of those investing (not to mention crushing of hype when it from was new),
-Especially since the chart looks cataclysmic on a non logarithmic scale.
-I personally expect a slow but steady chug upwards, fulfilling and then eventually exceeding retracement from the last all time high.
Comment:
Edit: To clarify what the blue macro cycle line is -- think of it as a strong point of support/resistance. EOS seems to have a habit going under. But pay attention to the vertical range that is *possible should mania ensue. A "bullish" outlook would mean the blue macro cycle line acts as support for a majority of 2021, with the price bouncing off of linear diagonals and occasionally the macro cycle line.
Comment:
To illustrate, simply look at the previous half of the curve. See the range it is capable of? Now think about the social sentiment towards EOS on it's downtrend, likely and increased source of volatility.
When EOS rises again I expect it to mirror some of the large oscillations that we see in the previous half of the curve. However, I do expect the curve to act as a bouncing place of support. Currently the state of Bitcoin will determine how fast we enter alt-season. Additionally a manic move in BTC could trigger a short term bull run for EOS.
When EOS rises again I expect it to mirror some of the large oscillations that we see in the previous half of the curve. However, I do expect the curve to act as a bouncing place of support. Currently the state of Bitcoin will determine how fast we enter alt-season. Additionally a manic move in BTC could trigger a short term bull run for EOS.