Eosio (EOSUSD) Daily Timeframe Analysis

A log scale is used on the Daily timeframe chart of EOSIO (EOSUSD) with Elliott wave analysis provided to monitor the development of price action. Termination of price on December 08, 2018 at a price low of ~1.6153 ended an intermediate Elliott wave (2) position which has subsequently resulted in the current Minute wave ((iii)) position that is not yet over.

Key levels to focus on: 6.148, 5.405, and 4.665 (based on data from BINANCE).

Outlook: The implication of the above therefore is that the price of EOSIO is expected to continue its current bullish trend. The expected trajectory of price is marked on the chart.

Note: Prices can vary between Eosio exchanges. As a result, there may be differences in the charts provided above due to different data sets.