$ZEC did indeed bounce close to the 0.5 fib. A breakout of the symmetrical triangle here will be quite bullish.
We might cool of a little before/if we continue upwards. So far well known #alts and large caps are performing well.
($DASH , $ZEC, BCH, $EOS)
$EOS leads the 2020 rally and I can make a case that eos finished its retracement already.
There is a slight chance that this transforms into a falling wedge to $3.29 but we'll see.
Bulls need a move above
After a long convergence, the climb began.
However, there is not much rise.
In the future, 100MA will converge again.
After this you should check if you want to start the ascent.
No matter when you rise, there is nothing strange.
No matter how the price of BTC moves, we expect to see a big rise in the end.
At this point, what...
The price moves above the resistance of the downtrend of the downtrend channel.
Perhaps the canvas of the rising flag is being formed - the maximum goal is the resistance of the downward channel of the main trend.
If, nevertheless, the price cannot convincingly consolidate above the previous channel, then a possible price movement down into the previous channel of...
Breakthrough of the horizontal accumulation channel with a step of 23% that existed for more than 6 months.
Now a pullback and possibly a formation similar to a symmetrical triangle is forming above the channel. The target for the triangle is 18%.
The zone for observation and strong resistance is indicated in purple. Also, this zone is equivalent to the width of...
Potential 3% scalp here with possibility to grow for more, in case BTC will be stable. Long entry at pullback to 416 (no guarantees it will drop there before move up). With all that day chart is rather dangerous and favor building up a short position targeting 390-400. Weekly bullish, so after that pullback EOS should continue...
EOS (EOSBTC) is printing quite the bullish candle today with a long-wick signaling sellers rejection... That's today's candle that closes at 00:00 UTC (in 44mins).
Here we have a bullish flag and EMA200 (brown) working as resistance.
We can see looking at a quick bounce to go lower and test EMA50 and EMA100 which hasn't been tested or... We are looking at a test...