I don't normally like to chart altcoins anymore as it all depends entirely on BTC - therefore I'd be just as well charting that. However, I do believe I have found a potential ascending triangle. Arguably it should hit that recent high one more time before this assumption but I'm going to preemptively anticipate one forming. If EOS breaks below the lower trend...
Hey Folks. What's up.
Hope you are all well today and you are eating your brocolli. If it gives you indigestion, avacado's are usually a better shout.
Personally, I find they make me happy to eat and make my trading better.
Before we get onto the meat (I am a vegeterian so it might be a little awkward) all I ask you is to follow me on twitter & telegram to...
New trading suggestion:
*The price is in an up trend, and we forecast the uptrend would Continue.
*There is still possibility of temporary retracement to suggested support line (0.00132), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Signal to enter the market occurs when the price...
So we are patiently waiting for EOS breakout into the upside, noting on the hourly charge that EOS is in an ascending triangle, after holding up from a cup and handle formation. Timeline shows within the next 20-24hrs that EOS would be expected to break upward from the triangle which should set it on a bull run. With action in BTC now more calm, EOS should be...
Indicators show a cup and handle action on EOS.
MACD : Bullish
RSI: in overbought on daily chart but not hourly chart, but still showing positive slopes.
SMA: Showing good support on SMAs
The cup resistance has potentially seen a breakout, with BTC bouncing up from a low, there may be potential for short term upside assuming BTC turns bearish...