Some things I've noticed on the 4Hr chart:
- Notice the breakout through the downward diagonal resistance line. It retraced and bounced off of it confirming the switch from resistance to support line.
- Could that be a bull flag forming there? It seems that price is starting to consolidate towards the end of that flag. If price breaks upward through the resistance line, that could confirm some more bullish movement.
- Both convergence line (blue line) and baseline (red line) are tracing within each other. I imagine a breakout (whether up or down) is near which will bring those lines back to normal levels.
- Price is currently sitting in the kumo cloud so I expect it to at least touch the top of the cloud. Let's see how price reacts once it touches the top of that cloud.
- I still believe most Alts are influenced by the movement of BTC. If BTC price continues upward or vice versa, I believe EOS will follow.
- RSI bounced off of the resistance line so I imagine the support line is next? Only time will tell I suppose! :D
- Notice the breakout through the downward diagonal resistance line. It retraced and bounced off of it confirming the switch from resistance to support line.
- Could that be a bull flag forming there? It seems that price is starting to consolidate towards the end of that flag. If price breaks upward through the resistance line, that could confirm some more bullish movement.
- Both convergence line (blue line) and baseline (red line) are tracing within each other. I imagine a breakout (whether up or down) is near which will bring those lines back to normal levels.
- Price is currently sitting in the kumo cloud so I expect it to at least touch the top of the cloud. Let's see how price reacts once it touches the top of that cloud.
- I still believe most Alts are influenced by the movement of BTC. If BTC price continues upward or vice versa, I believe EOS will follow.
- RSI bounced off of the resistance line so I imagine the support line is next? Only time will tell I suppose! :D
Comment:
I forgot to mention that I am no financial advisor! Do your research before making any investments. PROTECT YOUR CAPITAL!