EOS BTC delightful higher-low on weekly RSI

I've never been that big fan of this project, but some assumptions shown below, brought me to assume we have a once-in-a-generation "long and forget" opportunity.

Timeframe for my analysis is the weekly one, so the most powerful in terms of long-term perspective.

- RSI oversold since october 2020: oversold bounce is just behind the corner (Wave 1). RSI is finally painting a higher low (2nd circle in green compared to the 1st one): this is essentially what bulls were expecting since almost 6 months ago.

- Once a lower-high on RSI is confirmed, the price will essentially follow and seek further higher-highs. Most likely resistance won't be a certain price range, because the recent trend dug the price almost to zero. I am indeed assuming the real resistance will be the purple neckline reported on the RSI graph, which has already 3 point of contacts and litterally demolished all the bulls attempt since 2019.

- If and when invalidated the purple neckline on RSI, the ultimate resistance will stand on red horizontal ray, which was the bulls home for a long time, and i'm sure will be a very big liquidity pocket (point-of-control).

- always have a look on global marketcap and position on ranking. EOS now is sitting around 25-30 ranking, it may easily get back into top 10. And don't be scared by the fact weak-retail-hands now hate this project, this is a huge signal of bullishness: these people are the same will buy in rage at a price x-times higher than the current one.

History always repeats itself. No financial advise, always do your own researches and manage your risk properly.

Cheers!!!