SUMMARY
EOS has some significant potential to put in higher highs at much loftier levels! It's currently preparing for the upcoming violent upmoves by pathing out the the a,b,c,d,e triangle pattern. It has a bit more to go by completing the c,d and e waves. IF this consolidation is correct as it likely is since the a,b,c,d,e triangle pattern allows EOS to adhere to the Hurry & Wait syndrome; then some fireworks could be seen not too long from now.
This chart shows a longer perspective of how these higher degree of trend waves fit into perspective. The target of $46.12 aligns to wave 3 being about 2.618 of wave 1 and wave 5 being about equal to wave 1. These are Fibonacci conditions met when wave 3 is the extended wave. Much of these are explained in my Fibonacci and Elliott Wave tutorial.
The video analysis has more details and step by step process:
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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:
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Legal Disclaimer: 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.**
EOS
EOS is good! BTS, steem, sbd are all created by the same person!
This analysis is complete garbage. You didn't even consider that this ERC20 will have a genesis phase right in the middle of 2018. It's one thing to favor price action over fundamentals, but completely ignoring fundamentals is suicide.
50%up doesn't sound like garbage to me !!!thanks haejin
Are you even looking at the chart?
how to loose 64% instead of making 284%.
bähh bäähhh but we all make so much money because of haejin. . .bläh bläh
You will be truly blessed, not only you but all your future generations, for the information that you are giving others. It says in the great book, give and you shall recieve.
I think i speak for all your followers when i say, thank you for everything, i wish you massive massive profits, and health.
Bought some EOS just now.
Like to see EOS moonshot!
NICE post,
But I think there will be a stronger wave taking the price up to $200
Thanx for sharing. EOS has great potential and will take care of the scalability problem which ethereum has. Dan larimer has great vision. Steemit, bitshares and Now EOS are all amazing platforms.
can you tell me the prospect after 6 months
Regardless of the price come June 1, 2018 all EOS tokens will be locked on the Ethereum blockchain. Make sure that you are educated about having your EOS in a private ETH wallet, and registering an EOS key. See the comments that are posted in Haejin's other EOS post:
https://steemit.com/dtube/@haejin/ddoz2lct
You keep changing the EOS price prediction in the last few days / week... So now higher intermediary price but longer term...? How do you know the growth is going to be comparable but more jolts up? I notice almost parallel growth lines, i.e. the velocity was nearly the same (f'(x),price/time 1st order derivative?).
nice, like to know about steem potential
He’s already posted about Steem. $24-$26 Target
@mohammedfelahi ... learn to scroll through old posts.... instead of voting your own stupid comments
EOS is quietly waiting for its next big move!
Thank you for the analysis of EOS @haejin. EOS long term hold for me. Upvoted and Resteemed!
Aren’t you worried about EOS not having much of a product behind it just a dev?
The EOS team is lead by Dan Larimer, the creator of Bitshares, Steem, and Steempower. Bitshares and Steem combined handle twice as much transactions than Bitcoin and ether Combined. He is currently responsible for almost 60% of the transactions in the crypto world. He is the Elon Musk of the crypto world and anything he gets involved with BOOMS....EOS is blockchain 3.0 and EOS is the FUTURE.
@yohanfps .... i am sure Dan did and still doing lot of good work.... but how can you say 60% .... any data to solidify that statement ?
This was taken from Blocktivity.info. The chart is subject to change, but currently it's more like 47% of the market, which is still incredible.
Not worried at all, as mentioned the EOS team is lead by Dan Larimer who have huge experience designing scalable blockchain. Also they already released the testnet that you can play with if you want!
"a" dev? I know Haejin find fundamentals contaminating for forecasting, but if you follow the project closely, you see a lot of people contributing to the github.
This dude doesn't care one bit about fundamentals.
For a die-hard technical analyst like @haejin, fundamentals such as news arrive to justify the predictable, pre-dictated wave activity of a chart.
It's takes some getting used to, this idea that the cart is pulling horse, but you can think of charts as cardiograms of the collective unconscious....
Its very hard to get head around, and 70% or not more of pro traders would disagree with Haejin but for me it makes sense. When you see the Fibonacci sequence used often to precisely the golden ratio you have to ask yourself, what is going on here.
It takes an open mind, a person of great intelligence to see that as haejin, and the godfathers before him, Edwards and Magee said, it really is a quantum event.
All this bends peoples heads. it makes no sense, but when did nature care what you or thought. Haejin has opened my mind to a world that i thought was only available to the mega rich. Crypto really does give the power to the people.
That is the power of Bitcoin.
Yes, and then in the instance where TA marries a coin with fundamentals that you believe in, aka EOS, I think you've really got a winner. And after all, if charts and prices are a reflection of sentiment, then surely there must be some of the fundamentals of the project embedded in that sentiment. That is, someone excited about a project that they learn about now feels compelled to invest in it, and thus there is price action
The layers are many!
@haejin I understand the price patterns but I was wondering if you could further explain how you predict the price points. Is there some sort of formula being used?
Thankyou
It's in the tutorials, and the recommended books.
he makes an estimate. Wave 2 is 3x length of wave 1
Hi Jeff,
sorry, but that isn't correct. Wave 2 is a corrective wave and can never go below the start of wave 1. Wave 3 is often 2.61 x Wave 1 when wave 3 is the longest of the 5 waves. However, wave 5 may be the longest wave. I have the same question though: how to determine when the longest wave will be 1, 3 or 5, keeping in mind that 3 can never be the shortest.
By looking at local horizontal support and resistance. It's Haejin's secret sauce. Please review his tutorials. If we are lucky, we may get Elliott Wave Counting Tutorial #4.
Haejin been studying this for 20 years, he must be in heaven...lol
check out this video on the Fibonacci. It is underneath post. Formula? Its nature presented in digital format, that what the waves are. Haejin can not make you understand this, its like learning to drive a car, if you sit in the passenger seat, you will never learn. watch his videos.... over and over again....eventually it starts to click.
When you start to do it on your own, its a truly magical experience.
Now we are talking! EOS all the way!
Hello friends, how are you
Thank you good friends to meet you
the best and amazing
Nice to Meet You All #steemians
My name is ikramullah Account name @ikramullah Comes from aceh Sumatra
I Say Welcome And Happy To You Here #steemit or # eSteem.
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I would like to express my gratitude.
Please upvote me
Thanks for your upvote
Impressive sharing! Appreciated with following, upvoted and Resteemed @haejin
Looks like I will have to buy this more. Just habe a very few. Can you please do an update on KuCoin shares.
Thanks Haejin! Do you usually only look at charts and waves or do you also look at the coin's whitepapers and what they are bringing to the table?
Hang on Two days ago you posted this - https://steemit.com/bitcoin/@haejin/eos-is-ready-to-make-orgasmic-lunges-upwards-again-target-usd22-63 - and two days prior to that you posted another piece about EOS breaking out - now you are saying it is actually consolidating ?? Which one is it ? Particularly in light of the tanking that has just happened ?
How do you decide the price positions of waves 3, 4, 5?
fibbonacci extension?
Can you go more into the rules and process of how to determine that?
Elliot waves simply says things like 3rd cannot be the shortest.
I see you counting, and measuring, and adding though.
Thanks as always.
2018...The Year of the Altcoins...Beautiful...Amen Brother...
Wonderful post! Thanks for sharing your EOS Video Analysis to show movementment of cryptocurrencies. There is no doubt that majority of steemians are now better enlightened by reading your post. Keep it up. I upvote you.
Dang it I thought it was already ready to blow. Was that on 6 hour chart?
excellent vlog
Thanks for sharing. But i don't know about this well. @haejin
More videos!
Love that you've inclueded a video man.
Thanks for sharing :)
Sounds delicious with 367 % i am waiting :)))
Thanks for this informative chart.it give a wonderful clue about what will going to happen.
thanks for post
I always vote for your publications, I expect the same from you. I follow you
Thanks Haejin!
eos hold up, hold up~
Thnak you very much!!
@Haejin do you invest to some pot (-related) stocks, too? If yes, may you share with us which is (are) the good one(s)? I got some newsletters lately in this subject, but I trust you much more. Thanks in advance.
@haejin Please SALT~~~ Please
post a good friend. do not forget to upvote back yes
Much obliged to you for the examination of EOS..
Uvoted and resteemed sir
Thank you. I really appreciate your time.
See how much COSS rocket up, @haejin?
@haejin, thanks for update. Would you be able to do a chart on DNT? It's gone up to your target already, 791%. Right on. Is it possible that DNT is just about to have a wave 2 correction? Chart looks like EOS here to me. Anyone has an opinion, feel free to comment, thanks.
thanks your post
Informative poost.
Thanks a lot for sharing it
Interesting topic
Thanks so much for this analysis, I have to get some EOS now for the future. I upvote with my little steem power I wish I had more. All the same thanks..
What do you think @buttcoins ? I'm off to look for more than just chart analysis on EOS. Any recommendations please reply here.
EOS launches on June 1st. I think it will change this analysis considerably...
Foto yang sangat cantik
I love EOS. Hope we continue to see a strong bull run.
Eos is a great coin.