jpbrown1023

EBST - eBoost and a confluence of trend lines

BITTREX:EBSTBTC   None
I haven't posted in a while as I really don't think this is a trade market at the moment. However, I noticed a confluence of trend lines on the eBoost daily chart I thought was worth mentioning because it may signify the completion of a much larger pattern. Plus in a paralyzed market, your lower volume coins (to put it nicely) tend to spike and eBoost is no exception. Looking at the chart, we can see the price curving as it approaches support and it may have hit the bottom boundary of its triangular pattern. Bullish divergence can be seen on the MACD . It's the same divergence it has had before all its previous pumps. I'm not particular bullish on any alts at the moment, but this caught my eye because of its potential and how quickly the price can move.

Comments

Broke through the uptrend. Looks like we're going to do some more retracing. I did notice this fractal, which may indicate where we are in the pattern.
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Draw an extended trend line from .00002 to the current price at .00001841 and you'll see this baby blue trend line touch the peaks of the last 2 pumps. If it shut down the last two, it could be strong resistance and we should be prepared for that. However, a break from this trend to the upside would be a significantly bullish sign in my opinion.
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Off to a great start! You can see the price snuck in just beyond the .5 Fib retracement and is maintaining support along the uptrend. Hidden bullish divergence on the MACD. I think we're ready to start climbing again.
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nice one
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jpbrown1023 KamiCapitalTA
@KamiCapitalTA, Thanks! Let's wait and see.
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