SUMMARY : Ultra Bullish , will pass the $10 price point in May.
-- Technical --
Recovering bull trend after steep correction from BTC falling 20k in several days.
BTC.D (chart link below) continues to fall and fuel capital moving into the Altcoines.
Breakout from Ascending triangle - very bullish
Moving back to local ATH.
RSI 1D and 1W shows room to...
EOSUSD before the 496% rise. Better than bitcoin :) The analysis shows that EOSUSD builds a double fractal structure. It can be seen that the percentage of the accumulation range is the same, but its size is twice that of the first fractal accumulation area. This suggests that exiting the accumulation area, the size of the ascending fractal structure may also...
- This is a double trade setup.
- EOSUSD is printing a major double bottom pattern.
- This is a bullish reversal pattern.
- At the right bottom, price action is printing a minor inverse head and shoulders pattern.
- This is also a bullish reversal pattern.
- RSI is also printing a bullish divergence signal.
- EOSUSD could be on the verge on a Long term...
I think the EOS chart on the weekly is a very good representation of how close we are to a full blown alt season. As bitcoin dominance is starting to fall, total market cap is is staying around the $1T area. We have seen the gains on DOGE and we can expect to see similar around the other altcoins.
For those who feel like theyre missing out on DOGE, DONT FOMO -...