I posted EOS' ABC-correction a while ago which, by the current looks of it, played out very nicely. In both the first and the second market cycle, EOS held .786 Fibonacci on a weekly timeframe with a bullish wick below it.
IF the correction played out already (depends on Bitcoin as well), we could have a look to where EOS can potentially go. Given the similarity of both market cycles, and given that the previous all-time-high was at 1.272 Fibonacci level with respect to the first all-time-high (around $18.7), I would like to see EOS test another 1.272 Fibonacci level. This time, with respect to the current all time high which is around $23. That would mean a new all-time-high around $28-29.
Let's see!
IF the correction played out already (depends on Bitcoin as well), we could have a look to where EOS can potentially go. Given the similarity of both market cycles, and given that the previous all-time-high was at 1.272 Fibonacci level with respect to the first all-time-high (around $18.7), I would like to see EOS test another 1.272 Fibonacci level. This time, with respect to the current all time high which is around $23. That would mean a new all-time-high around $28-29.
Let's see!