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05/08/2025 10:20:17 GMT

EOS could step into the third leg of recovery [Video]

Gregor Horvat Wavetraders

EOS is a blockchain platform designed for fast, scalable decentralized applications (dApps), known for its zero transaction fees and high throughput, but it's faced criticism over centralization due to its delegated proof-of-stake (DPoS) consensus model.

From Elliott wave perspective, EOS with ticker EOSUSD is still doing well and it’s still pointing higher within higher degree wave (C) or (3) that can be made by a lower degree five-wave impulse, especially if breaks above 1,02 bullish confirmation level. Currently we can see it finishing wave 2 pullback, so sooner or later watch out for a strong rally within wave 3.

Chart

EOSUSD Daily Chart

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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