Inside the right shoulder we have a Flag as a price formation, if it passes by 6750$ we have the confirmation for the Flag and we can expect to a grow around 7000$
This will be a good confirmation to look at a big picture of the trend, if we hit the 7000$ we will heav a confirmation for a big inverted head and shoulder.
Target for the H&S is around 7700$.
For all...
All my charts interpretations will start with this advice : check my daily bitcoin interpretation because is the most important, the price of each cryptocurrency it depends on Bitcoin price. we can not expect a coin to growth when bitcoin price drops and vice versa.
For EOS we have 3 strong signals.
1. we have a triple bottom.
2. we have a divergence on the...
If you check my chart interpretation you will see, at the top where bitcoin was 9.900$ it was a head and shoulder which predicted the start of a downward trend .
You can see more price formations during the fall, all show that the price continues to fall.
at the bottom because the 5750 It may be considered a bottom because we have a double bottom .
this was the...