A healthy correction here would be good to refuel and fill buyers with confidence. Not financial advice!
Seems we have formed a bullish pennant by way of a falling wedge. Bullish signal. Wait for a break out to confirm. Not trading advice!
If we break above the neckline, we could see a continuation to the upside.
Historically Link tends to see a move to the upside once it breaks above the 200 MA. Given that Link has yet to rally like some of the other alts, I speculate a move from link in the next few days comparative to BTC. The 200day acts as great support during a bull market and the patterns show this time and time again. This is not financial or trading advice..
As you can see from the chart I have speculated on the price action of EOS until the end of the year. It has already formed two waves and is working on the the third wave which coincides with June the second, Main Net Launch day. After this we could could see a sell off, correct and retrace to the previous major support level. With the steam that EOS has moved,...
Zooming in on EOS chart we can see an inverse head and shoulders forming. We need the next shoulder to complete and break above neckline to confirm. This is in my opinion a continuation of the bull run on EOS. We still have more to push to complete the 3rd wave before we retrace on the daily to complete 4th and then back up for a mighty 5th to an unprecedented...
Following ADA, it looks as though it has finished it's correction and is looking for its next move up. BTC is the predictor here. If it can maintain strength we could see a nice move fpr ADA to the upside. TA shows it moving withen a triangle and forming a cup and handle on the hourly. Thoughts? Trade safe. Peace.