Today I had an epiphany: to understand EOSUSD we must look at EOSBTC & EOSETH together.
EOSBTC is having a classic cup & handle (to accelerate before bouncing hard):
Meanwhile, ETHBTC is correcting before the next jump:
In this context, I think my previous post about an ascending triangle may just be right.
While the current pattern could potentially be read as a rising wedge (which has the opposite connotation), I think against the broader context it should be the ascending triangle.
I made a YouTube video that I'll be uploading in an hour to explain in more words.
EOSBTC is having a classic cup & handle (to accelerate before bouncing hard):
Meanwhile, ETHBTC is correcting before the next jump:
In this context, I think my previous post about an ascending triangle may just be right.
While the current pattern could potentially be read as a rising wedge (which has the opposite connotation), I think against the broader context it should be the ascending triangle.
I made a YouTube video that I'll be uploading in an hour to explain in more words.
