EOS / BTC was requested by one of my followers and I found the price structure extremely interesting, therefore, I'd like to share my thoughts with you all.
The chart shown is on the .
Considering this asset only has over 5 months worth of price history, it has more to show than the vast majority of cryptocurrencies in the top 50.
As soon as EOS became available we experienced an impulsive move over several days, followed by a 96% decline.
Once the bottom was found during late October, price climbed over the period of 5 weeks amounting to a 386% increase.
We're currently experiencing a correction period which is less than 45% as we speak, I'm expecting price to drop to the indicated which would be a 51% correction.
This would be a key area to buy EOS in my opinion, at 0.00020000.
Feel free to contribute to this analysis, if you have anything to share leave a comment below.
The price structure is similar, almost as if EOS/USD is a month ahead :)
Taking a position based on a close above the ATH and EOS/BTC reaching solid support would be a good move.
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The analysis below doesn't explain a lot, to give you a full understanding the analysis would take a considerable amount of time to structure and explain correctly.
I'll try get some up for the new week ahead.
I saw XLM has tested resistance level several times, but failed to come up due to BTC dump in the past 2 days and now BTC started bump now.
Think most money might be going to BTC and make most altcoins stall. But really would like to see your sharing on
- BTC correlations with altcoins of the trend from now?(as BTC broke the previous ATH trend and might be going up to 20k which matches your previous BTC prediction phrase)
- what any altcoins in your analysis that are trending to breakout when BTC is heading for 20k?