EOSBTC Descending Pennant Analysis with Targets

Hello, welcome to my EOS analysis!

Above I have detailed a descending pennant which is a bullish pattern . Given that EOS is a smart contract, it has the tendency to break out earlier with extended runs. We've touched the "strong support," and are heading to challenge the orange resistance conveniently placed on our triangle's D wave. Considering BTC's direction at this time is still relatively unknown, it could be the trigger via a pump or dump to make EOS pull back down from the resistance to make our E wave and then exit the triangle.

Regarding indicators, you can see that the MACD is beginning to curve with the future bullish cross also likely within the time span that an E wave is completed. Our stoch RSI is also pressed to the bottom.

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Comment: We're now out of the wedge
Trade closed: target reached
good stuff brotha
Spot on
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