Locally, the downtrend stopped, but there is no confidence from the buyers side. Everybody see that triangle, so it will be broken very soon. Personally, I see EOS already had some appreciation in price in May, and it is time to make a new buying opportunity at the lower levels. 4$ if bitcoin will make a move down and even 0.5$ if things will be very nasty and the capital will find better location than EOS.
I humbly don't agree. EOS is following BTC. I think BTC has room to rise till 7200 levels.
Crypto-Hamster
⋅
@analystmp180, Will see, my friend! I am just not that optimistic – both BTC and EOS. But if we are talking about relatively long time spans, even if BTC will go to 7200 and EOS will follow, both will drop from there. And for EOS it could be really painful, so the whole previous growth will be diminished.
InvestingScope
⋅
Approaching the end of this Triangle with a Lower High on the 1W Channel Down. Bearish signal, TP = 3.8925:
Crypto-Hamster
⋅
@InvestingScope, Well, H&S is apparently invalid, but overall I am bearish too for that.