EOS is one of my favorite alts, besides XRP and DASH. It has great price history, and it did perform exceptionally well in 2017/18. It is still listed on the biggest exchanges and so therefore i still believe that this market cycle will have its turn to shine.
If we extend fib. extensions over previous bull run, where level 1 is sitting at ATH, it just so happens that level 0.236 sits on top of the rally prior to capitulation. This further confirms that levels could be respected and price to eventually reach $90, maybe a bit more but not by much.
You can also see that if we overlay the first 2017/18 rally from the recent bottom you can see that if we did something similar in length now, we would get to near $90. That is even further conformation for me for that target.
I am not a financial advisor so non of this should be taken as a financial advise. Be well
EOSUSD
If we extend fib. extensions over previous bull run, where level 1 is sitting at ATH, it just so happens that level 0.236 sits on top of the rally prior to capitulation. This further confirms that levels could be respected and price to eventually reach $90, maybe a bit more but not by much.
You can also see that if we overlay the first 2017/18 rally from the recent bottom you can see that if we did something similar in length now, we would get to near $90. That is even further conformation for me for that target.
I am not a financial advisor so non of this should be taken as a financial advise. Be well
EOSUSD
Comment:
I tend to use rally prior to capitulation (0.236) to see where i should exit my asset (at 4.236). If you extend the levels the same where .236 sits on top of the rally prior to capitulation for eth (2017-2021), btc (2017-2021) or ltc (2013-2018) you can see that prices tend to reverse once they reach 4.236 level area. It usually marks the end of the cycle. With btc i used just an area of capitulation rather than rally for 0.236 extension.
Comment:
In 2017 LTC had a first major profit take with such extended levels over 2013 bull run. Then prices went even higher. Don't expect something like that this time as market cap was overall much smaller back then.
Comment:
ETH pinpoint nailed it with that profit take based on the rally prior to capitulation, then it went highe. I still have some believe that eth has not finish its bull run. Will see. It is just nice to see that fibs are respected.