EOS: not sure if we have a failure on the ascending right triangle or just a bullish piercing. If it's a failure, we could also have a head and shoulders top with a downside target around $2.25, although we now appear to be above the neckline. My guess is it goes the same direction as BTC, which I think will be up, although I am showing the downside price pathway in this chart.
If you deny the flash crash it make sense even if this correction seems too fast and little. Could also be a 5-triangle-5 that could bring the price down (or a 5-3-5 like @cannonball6 showed on his chart of course, my principal in this case). Better ladder here (wait for the d and e to do it) or wait for a strong buying signal with a higher high (correction will be done for sure in that case :-) ).
Mate, you need to work on your chart pattern recognition. Not a Head and Shoulders and even if it was the volume would negate it. Get hold of the book haejin recommends as a late xmas present to yourself
EOS: not sure if we have a failure on the ascending right triangle or just a bullish piercing. If it's a failure, we could also have a head and shoulders top with a downside target around $2.25, although we now appear to be above the neckline. My guess is it goes the same direction as BTC, which I think will be up, although I am showing the downside price pathway in this chart.
If you deny the flash crash it make sense even if this correction seems too fast and little. Could also be a 5-triangle-5 that could bring the price down (or a 5-3-5 like @cannonball6 showed on his chart of course, my principal in this case). Better ladder here (wait for the d and e to do it) or wait for a strong buying signal with a higher high (correction will be done for sure in that case :-) ).
its also possible that the deep correction is done in that flash crash ?
also if btc holds eos will hold... pretty much everything in bitfinex following btc now
uff don't wann see that :) thanks
Seems similar to LTC and BTC. Maybe they are all following the same kind of correction.
Mate, you need to work on your chart pattern recognition. Not a Head and Shoulders and even if it was the volume would negate it. Get hold of the book haejin recommends as a late xmas present to yourself