$XVG 3 day turning up, and the weekly has just crossed. This consolidation pattern is too tight now for this pump, expecting an epic breakout in the coming weeks.
It is no secret that I am bullish on EOS. EOS is currently riding a logarithmic trend line. If it holds this trend, we can see $100 by Feb 25th 2018 and $1000 by the end of April 2018. I am expecting this idea to become invalid. However, if news of multinational corporations building on EOS comes to light, I truly believe this can become a reality. Let the...
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.
Flash crash caused my cascading stop losses and margin calls on finex. I still believe the logarithmic trend is intact, but I think we're going to have a rough ride, and a test of this line before the new year.
Litecoin takes a breath and establishes a new trendline. Market sentiment is extremely bullish with rumours that CBOE is considering futures for Litecoin. I think we can easily see a run to $500+ in this funnel.
$EOS is following a logarithmic trend pattern backed up by the 4hr cloud. Recent breakout of consolidation brings the next target to $8.
LTC is showing the logarithmic jaws of wealth. An elliot wave set here brings my target to $350.
The steep bullish trendline is catching up with EOS. If it holds, I see a new ATH in the next couple of days. If not, I see a few possible levels to find support. The bullish sentiment makes me think the bear scenario is unlikely, however, it really depends on how BTC reacts to the futures available later today.
Possible channel for EOS, then a deeper retracement.
$EOS has been taking it's time during this level. Around 1.75 very supportive, and below 1.8 we are generally left with wicks. After the initial push, we waited for the 4hr cloud to catch up before continuing up. I see a longer consolidation period in this area, until the 4hr cloud catches up and we lift off once again.
Looks like EOS is forming a rising wedge. If it breaks we could easily test $1.4, if it breaks up we could be on for another run.