Seeing a ascending Triangle that formed on the 1HR chart. I am thinking the breakout within the next 8 hours roughly.
Im thinking 4-8 but could be more depending on how the markets go. The US will join in with the market movements in approx 4 hours so im bullish for this time period.
I think we will need to bounce once once off the trend line shown as the bottom...
From what im seeing EOS has hit the prime bouncing area on the Fib Retracement Graph @ 0.618
Support on hand to keep EOS above $11.60
However, we know BTC holds the reigns and it has not reached the 0.618 level which it could potentially hit at around the $8000 mark.
If BTC hits $8000 i think that EOS will follow suite and head towards the $11.60 area.
If BTC...
EOS had a strong push from when i first took notice @$9.26.
The hype on the coin was insane and it grew i think just a little too fast, but that is crypto.
On the TA we have here im sharing an idea of the possibility of a strong short term support level being broken. I have added a possible outcome for the better towards the $18 mark but the EMA readings are not...
Looks like we are in a small test area that needs to push through, I am looking for a strong push and close above the $9900 mark to setup for the next target which is around $10300 - $10500.
The resistance area was taken from the previous area between 8 March and 11 March 2018.
With it being the weekend, where the BTC price has always declined/stagnated slightly...
With the BTC price move a couple hours ago we have seen the markets revert back to green. The EOS price has remained fairly stable and kept above the support of around the $4.80 - $5 mark. The current formation on the 4HR leads me to believe this is an ascending triangle forming.
The project itself is also in the limelight at the moment, bypassing LTC's market...
We have seen some solid movement come into the market as BTC 4.18% lit up to bounce off of the support zone around the $8.8k mark as per publication released earlier today. I see a potential break to $10k based on the Elliot Wave Theory on the daily chart . 55 EMA starting to cut through the downtrend from today and volume .
Time for the correction of BTC, this is because we are still in bearish territory and need to challenge the descending trend. The current Retracement value is bouncing just above the 38.2% Fib Retracement Mark . Possible scenario of bullish push from this point as it lines up with the 55 EMA support. If we continue the downtrend and break this support zone we...
