EOS (EOSUSD) has broken out of the triangle pattern in the four-hour chart.

[![nimet_n.png](https://s10.postimg.org/tewb4am8p/nimet_n.png)](https://postimg.org/image/ydjtitq1h/)

(*Chart courtesy of Tradingview.com (log scale)*)

**Elliott Wave Analysis**

In Elliott Wave terms, EOS began a wave one advance on October 23, 2017. The red wave one finished on November 3, 2017, and the red wave two correction ended on November 6, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on December 19, 2017, and the red wave four correction ended on December 22, 2017. If this wave count is correct, EOS should be heading next towards the December 19, 2017 peak in the red wave five.

[![nimet_n.png](https://s10.postimg.org/berpdaw6h/nimet_n.png)](https://postimg.org/image/achiurdd1/)

(*Chart courtesy of Tradingview.com (log scale)*)

**Funnymentals**

EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. Here is a short introduction video of EOS.IO.

<iframe width="560" height="315" src="https://www.youtube.com/embed/eRAxrqaqGEQ" frameborder="0" gesture="media" allow="encrypted-media" allowfullscreen></iframe>

(*Sources: https://eos.io/ and [YouTube](https://www.youtube.com/channel/UCbc7vIgwb-sPSckU0FbWmRg)*)

[![nimet_n.png](https://s8.postimg.org/f8i0ggpit/nimet_n.png)](https://postimg.org/image/4lo7b1hdd/)

If you think this analysis is correct, upvote this post and upvote the comment "EOS will takeout the December 19, 2017 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "EOS will drop below the December 22, 2017 low".

If you think EOS is in a range, upvote this post and upvote the comment "EOS will stay in a trading range between the December 22, 2017 low and the December 19, 2017 peak until February 2".

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