EOS (Bitfinex: EOSBTC) has broken out of the triangle pattern in the daily chart.

<img src="https://i.postimg.cc/KvKLLywd/nimet-n.png" /><br/>

<em>(Chart courtesy of Tradingview.com (log scale))</em>

Here is a closer look at the breakout.

<img src="https://i.postimg.cc/3RVLjZrh/nimet-n2.png" /><br/>

<em>(Chart courtesy of Tradingview.com (log scale))</em>

<strong>Elliott Wave Analysis</strong>

In Elliott Wave terms, EOS began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, EOS should be heading next towards the April 2018 peak in the red wave three.

&nbsp;

<img src="https://i.postimg.cc/V6k69jGK/nimet-n3.png" /><br/>

<em>(Chart courtesy of Tradingview.com (log scale))</em>

<strong>Funnymentals</strong>

The target of the EOS project is to become the strongest infrastructure for decentralized applications, aiming at millions of transactions per second, no fees. The Modern Investor covered EOS on December 27, 2018.

https://youtu.be/KdwnVteOreI

<em>(Sources: <a href="https://eos.io/">EOS</a> and <a href="https://youtu.be/KdwnVteOreI">YouTube</a>)</em>

<img src="https://i.postimg.cc/Y2JF7syk/steemverify.png" /><br/>

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will takeout the November 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will drop below the December 2018 low".

If you think EOS is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will stay in a trading range between the December 2018 low and the November 2018 peak until February 7".

<img src="https://i.postimg.cc/KYMX64Km/nimet-n4.png" /><br/>

<em>(Chart courtesy of Tradingview.com (log scale))</em>

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