I see 3 patterns forming.
1: ABC
2. Symmetrical triangle ABCDE
3. Cup and handle
On EOS/BTC I see also these 3 patterns, except there the symmetrical triangle is a descending triangle.
Therefore I think there is some probability to see the price goes through the Triangle, and on E dive down to complete C of ABC which will also complete the cup and handle!!!!
Another thing I am thinking is: this rally was about 40 days long... So 1 week correction seems very reasonable imo.
Anyway, this is NOT an advice or anything of that sort. I am just uploading my 2 cents and would like to hear the community's thoughts on this.
IMO it will be amazing if all 3 patterns will work toegether as suggested above. A descending triangle (on EOS/BTC, and a Symmetrical triangle on EOS/USD) goes down on E, the ABC completes and the cup and handle completes, then EOS goes to the space station.
1: ABC
2. Symmetrical triangle ABCDE
3. Cup and handle
On EOS/BTC I see also these 3 patterns, except there the symmetrical triangle is a descending triangle.
Therefore I think there is some probability to see the price goes through the Triangle, and on E dive down to complete C of ABC which will also complete the cup and handle!!!!
Another thing I am thinking is: this rally was about 40 days long... So 1 week correction seems very reasonable imo.
Anyway, this is NOT an advice or anything of that sort. I am just uploading my 2 cents and would like to hear the community's thoughts on this.
IMO it will be amazing if all 3 patterns will work toegether as suggested above. A descending triangle (on EOS/BTC, and a Symmetrical triangle on EOS/USD) goes down on E, the ABC completes and the cup and handle completes, then EOS goes to the space station.
