Daily $EOS we can see the price has come back down to the linear trend line , and is now painting an inverse h&s reversal pattern.
A dip down to $7 not unlikely before a potential run to the top of the broadening wedge.
Weekly stoch is on the floor and almost ready to cross.
Marking up the distribution and accumulation on EOS. Following Wyckoff perfectly. Retracement of this move should put in a E3 entry point - i.e. the ideal place to go long according to Wyckoff theory. See link below for example diagram.
Measuring fib extension of Ethereum in 2017 gives a really nice price map, with many interactions at key fib levels.
This is a 'grand fib' - it is simply the Fibonacci sequence integers.
As they have such similar charts, I am seeing whether or not EOS will have similar interactions with these key fib levels.
A note to those who say "Oh buy EOS has 10x the...
Following from my previous charts comparing $EOS with $ETH birth fractals. I have now updated the chart with potential price targets IF we see the same % gains.
This would require a huge injection of capital into EOS and the crypto marketcap as a whole. Please take this analysis with a pinch of salt. EOS market cap along would have to be $300 billion+ in June to...
I have posted a previous chart regarding the similarity of the EOS and ETH birth fractals. Very similar market cycle patterns with a clear elliot wave count. Once the downtrend is broken on Ethereum, we clearly see a number of impulsive waves. It is my opinion that the similarity in structure between ETH and EOS is no coincidence.
Now that EOS has broken the...
I've seen this triangle drawn a million different ways. In a lot of cases it is already broken, and you have probably already dumped your coins by now. However, I see it like this. Switch to log and look where the previous resistance was, and how it now lines up with support.
Here I have used a 'grand fib' - essentially a fib level structure using the actual fibonacci sequence. Using the initial impulse that started the bull run on $EOS I have been able to map out some interesting and confluent points of interaction. This is a style taught by @cryptopicasso.
The logarithmic trend has now turned resistance in my opinion. This now...
EOS has held a 0.5 fib retracement of the entire move from $0.5 to $12.5 (barring the flash crash which actually landed perfectly on the 0.786). The downtrend has now broken to the upside. Daily SRSI has turned up, and the 3-day SRSI is about to reset. Looking like a bullish reversal to me.
EOS has switched from it's 4hr trend to the 6hr. The Ichimoku cloud has been supporting it's trend since the flash crash last week, and now seems set to make new highs. It is no coincidence that the new moon arrives around the same time this ascending triangle pattern completes. I'm expecting to see tests and confirmations of the resistance indicated with the red...
BTC is testing the long term log resistance. We broke through this a few weeks back (incredibly bullish). I think it only makes sense we re-test this line. A lot of panic right now, but interesting once you look at the bigger picture.