The current state of affairs wrt ETH is such that it's hard to see which level would be the bottom. $145 remains an interesting level. My original arrow (green), which was quite pessimistic, has been proven too optimistic. The fundamentals of ETH is being questioned, as known issues wrt scalability aren't yet resolved. I draw now three orange arrows. The...
I'm posting a video on YouTube to explain this in more detail. The overall idea is that EOS while being an ambitious project in the near future is clearly going down in price. After breaking down of the critical level I mentioned last time, it's going lower. $<2 possible
I'm posting a video on YouTube to explain this in detail. The overall idea is that most targets have been hit. One last potential stop would be $145 (or under, not guaranteed).
As charted, at most one last bounce before reaching the final post-crash level. Watch closely as people lose faith & sell their portfolio. Time to buy is close.
As charted is the question Supporting this hypothesis: Overbought Death cross Inverse H&S target reached 200D & 350D MA resistance Lots of hope & bravado from bulls Still no volume Target? 3k Best entry would be 8.5k (look at the green 200D SMA on this chart) Personal opinion only
As charted While I like its fundamentals, price movement has more immediate factors. I'm uploading a YT videos to discuss this Btw, BCHBTC has reached 0.1 ---> no longer a good idea to short BCH.
Two possible channels Considering the fundamentals of EOS, both are really possible. I'm uploading a video on YT to discuss it
Low volume pump + fomo As charted Not good entry now, but could be a good short entry if 8.3k is reached
Middle of the pitchfork Can go both ways, but probably down
The two circles Simply continue with the trend identified in previous posts: downtrend != red every single day Target $5.2k then a wave up before the final selloff
In the meantime, EOS reached the previous target. What's coming next? It seems that today's pump is related to this news. My personal opinion is that in the coming days EOSBTC will remain stable, and that unless exciting development (or heavy-handed manipulation) occurs EOSBTC will drop. Because my personal guess is that BTC will reach around 5.5k before going...
Good pump with low volume today. Why did it bounce? Could it be EOS-related speculation? Bitcoin is forming an ascending channel pattern which likely leads to more drops. 50W SMA remains a resistance. I still think 2.5k is a likely target eventually (with bull runs in between). Of course, a big pump with volume could drive the market early into bull mode,...
The parallel with the previous cycle is obvious. Continued decline to 200W SMA should be expected. Death cross is likely averted, and a new bullish cycle will begin perhaps in a year's time. The volume corresponds with this theory. Of course, this time it's different. Super-long-term target will be between 100k & 200k (see pitchfork). That's the end of Wave 5....
As charted Why stronger than EOS? Because the team has lots of ETH but has sold all the EOS tokens they wanted to sell.