SUMMARY
First, my outlook for EOS is as an investment with a time frame of 12 to 16 months. My outlook for EOS is bullish and here is a Technical Analysis Update. It's clear that the blue circled roman numerals i,ii,iii,iv,v allowed EOS to solidly put in an impulse set of motive. With every five wave flow, there is a requisite three wave a,b,c, (red) retracement. We also know how notoriously slow and lethargic the corrections can be for cryptos. EOS is no exception in this area. Still, labeled are two rouding bottom patterns (blue and white half circles). These are basing patterns and they aim to establish a bottom. For EOS, finding the bottom of it's a,b,c (red) correction is the key and these rounding bottoms are prime patterns to enable that.
A double rounding bottom pattern also looks like this:
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.**