The spread Triple top is technically in play even though I would have sold when it failed to yield higher lows. However, a bullish catapult seems to be forming. I would enter into a trade at 2280 - the point at which that signal is locked.
March ended with aproximatly a zero net gain/loss. we saw the Febuary decline terminate in the first half of the month followed by a shakey but consistent uptrend. EOS on correction during the upward leg is consistently testing support suggesting an inclination towards the bearish side.
However, this is counteracted by...
A horizontal count from the previous congestion yielded a projection to 0.00076 that has not been met.
EOS has congested between 0.000792 and 0.000832. Resistance seems to be stronger than support.
A bigger picture:
We can see over the past month EOS has been generally moving in an upward trend making newer highs.
Bullish Divergence indicator Triple Top forming on BTS.
The last Triple top failed (failure to make new highs), however, if an entry was made at 0.134 or 0.136 (on signal confirmation) then the trade could still be active with a generous stop loss. A Spread Triple Top has formed and a preliminary horizontal count gives us a preliminary target between 0.182 and...
It looks like on BTS triple top breakout formation is coming together. To my untrained eye it seems that BTS triple bottomed bouncing off support at about $0.12 before breaking through resistance at about $0.13
I used the horizontal count method to create a preliminary price target zone if this breakout signal is confirmed.
I am seeing two scenarios here based on P&F charts.
1. the price will come up to make a new high-low and will carry on to the trend line or resistance level/area
2. the price comes down and we make a new low-low... the price will carry on down to support before bouncing up to the resistance level/area