Not an advice,
Just my own observation. I think this is a bear wedge which will initiate a 1 wave out of a 5 waves sequence downwards.
But hey, anything is possible and this is again not an advice.
I am seeing a falling wedge forming for EOS vs BTC. It means the price can go to around 0.001 EOS to BTC and even 0.0009.
There is a major support line supporting that time projection and price.
It fits well with the current triangle being wave num.4 in the C formation of ABC from the top.
I am not a financial adviser or anything of that sort and this is not an...
I see 3 patterns forming.
1: ABC
2. Symmetrical triangle ABCDE
3. Cup and handle
On EOS/BTC I see also these 3 patterns, except there the symmetrical triangle is a descending triangle.
Therefore I think there is some probability to see the price goes through the Triangle, and on E dive down to complete C of ABC which will also complete the cup and...
Not a financial advice.
I think the correction is almost over, around 95-99% completed. It might deep one more time to around 3.5$ per EOS and then the uptrend should start. It can also start without falling under 4. It depends on Bitcoin by a large amount.
It seems we are getting to a critical point. A 2nd wedge was formed and it just might be enough to get this correction over with.
A lot can happen, depending on the tone and messages over the G20 summit. 6900 must hold imo.
