I expect Eos to retrace back to point c after finishing 5 waves and then possible consolidate through the cloud, if BTC takes off to challenge exiting the descending triangle then EOS might shoot lower to the third box and create a new trend line on the 1/2 gann line. Any further than this and the chart would be invalid as it would likely become a bear trend....
multiple indicators used here. What are your thoughts, at this point, it is looking unsustainable.
PPC is a great coin that is a platform for other ICOs in itself. the chart analysis looks great for a long position and we just need to identify the short term entry somewhere near the 2 point wave.
It is possible VEN has too much volume and denied the retracement but i suspect we are looking for a return to the mean here. Gann fan, Fibs, MACD, stoch RSI, squeeze indicator, elliots.
Looking for where we find support, boxes are based on dual fibs and confluence. lets see what happens.
At this stage btc is looking to break out of the descending triangle, it has bounced off the main trend line several times confirming both volume and support and is likely to continue to fill the triangle. The 1 and 2 day stoch rsi is still pointing down with the 1d still a little left to go, so I expect to have a little less steam in price movement before the...
Looking to see if it can break out of the pennant - its trying on the 30 min charts but unsure if we have the volume right now. More likely we are looking to ride down the C leg retrace to around 400 levels or slightly under and then take off. Last option is it consolidates sideways as it did after the last spike. Here is the 30 min chart.
fibs on base are orange, fibs on current extension are yellow, resistance is red.
either way its an enigma! bahaha. but also. gann fan, pitchfork, trendline for predictions, green is current fibs, yellow is extension fibs, red is extension resistance. Lets see which channel it follows, and which lines it uses. This is a super long play as the coin is solid and so is the team.
what are your thoughts, im seeing a flag and pole on the 1d charts, looking to bounce off the green resistance line and shoot up for another flag.
waiting on the swings on rsi and MACD to confirm bottom and pop.
based on up channels and fibs + support / resistance lines.