EOSUSD Ascending Triangle on 1D. What is next?
EOS is looking good within its 1D Ascending Triangle. While the recent rally started by the bullish comments of Dan Lerimer (EOS CTO), more positive fundamentals kicked in (Bitfinex launching Eosfinex) and the $4.00 level can be turned into a support.
Such strong spikes since February have most of the times turned into sideways trading until the next one (hence holding the Ascending Triangle) with the exception of one (green arrow).
I expect a similar pattern, but if the 4.5417 Resistance breaks, 5.0000 will be my target.
Below is my long term overview:
Such strong spikes since February have most of the times turned into sideways trading until the next one (hence holding the Ascending Triangle) with the exception of one (green arrow).
I expect a similar pattern, but if the 4.5417 Resistance breaks, 5.0000 will be my target.
Below is my long term overview:
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