In the last week, the ratio EosEth reached his first target of the decline started on April 15th.
Now, from this level, Eos has a chance to recover, starting a new leg up in its relationship of force against ether.
But if Eos will lose the level that is drawn with the red trendline here in the chart, then a chasm will open.
The recovering of Eth against Eos could...
If you are looking for proof of the existence of cycles into the markets, this chart should help you to find the magic.
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Per Aspera ad Astra
The December hike on bitcoin stopped on the descending trendline that forms the bitcoin bearish channel of 2018.
Before to start screaming to the final bottom, maybe investors should wait for bitcoin to recover that blue channel.
Per aspera ad astra