in a parallel universe where Bitcoin did not exist, maybe that question would be absurd .. in our universe not so much.
Yesterday after the "Go!" transmitted live by the multinational team we witnessed one of the 1 hour green candles that can be seen in the market ..
How much will the hype endure?
What would be the price of EOS with Bitcoin over 8K hypotheticals?
many things can be discussed but at this point to argue that this is a clear attempt at a bullish reversal no longer takes place.
the question is how far we will get, the key is the 8K if hypothetically we managed to break it I think it would start the real FOMO of the bears that were waiting still for sub 7K prices.
On the other hand it is very likely that...
you can see a lot of bullish patterns, but above all a clear parallel bullish channel and everyone knows that the trend is my friend .., although it is a sub trend of a few days (bills and food are not paid alone)
The end or confirmation of this we should see in the area of 7700, the red dotted line was the killer of the last mini rally ,related idea below. the same line
without a doubt we are living a transition stage, of which I am an optimist
first objective to position yourself in the pink area (beware that there may be a last bounce)
second objective to break the trading channel in a superior way, which would be the final confirmation for me of the change in trend
ZOOM out 1 day
the last hours IOTA reverted a very complicated scenario, but it showed great resistance of its investors and in these present moment a global chart that gives to dream in big numbers
presents supports that have proven to be proof of everything and the pattern that presents their candles is absolutely bullish
attempt try and try to break it up (red arrows) but all your attempts failed, now I just confirm a candle under the triangle in H1. the EMA and BB supports are being lost, and the trend is clear in the graph and the RSI