EOSBTC - Possible Ascending Triangle
Updated
It looks like an ascending triangle has formed for EOS and medium term trend is upwards. I'm looking for another bounce of the lower part of the triangle before setting targets and entering. If it is an ascending triangle there is a decent chance we will see a break out up to .00184
There is a golden cross which hints at continued upwards movement. Will look for other micro signs later today.
There is a golden cross which hints at continued upwards movement. Will look for other micro signs later today.
Note
I said I look for some micro signs, so here it is.There is a recent weak golden cross and a Bullish Dominant candle with moderate volume. These are both bullish signs as do be expected with the market in recovery.
I would expect EOS to bounce its way slowly to the .001300 resistance line.
Note
EOS doing well and remaining within the ascending triangle. Nice little bounce off the bottom of the triangle despite the market crash, volume still low and is not over bought. Much depends on the broader market but it is doing well so far. I'll keep watching. Order cancelled
EOS broke the ascending triangle. I'm going to close this idea
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