(4/4/18) EOSBTC P&F - AN ANALYSIS OF MARCH
March ended with aproximatly a zero net gain/loss. we saw the Febuary decline terminate in the first half of the month followed by a shakey but consistent uptrend. EOS on correction during the upward leg is consistently testing support suggesting an inclination towards the bearish side.
However, this is counteracted by broken resistance levels that suggest a more bullish outlook on termination of this rising triangle.
Currently (4/4/18 18:45 UTC), a spread Triple Top may be forming and strong support would lead me to suggest this will be the case. However an aternate less likley pattern might unfold - A bull trap followed by a Spread Quad / Tripple Bottom formation and a movment in a downwards direction.
Historically though, when presented with ambiguous direction over a ichimoku support cloud the price bounced.
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However, this is counteracted by broken resistance levels that suggest a more bullish outlook on termination of this rising triangle.
Currently (4/4/18 18:45 UTC), a spread Triple Top may be forming and strong support would lead me to suggest this will be the case. However an aternate less likley pattern might unfold - A bull trap followed by a Spread Quad / Tripple Bottom formation and a movment in a downwards direction.
Historically though, when presented with ambiguous direction over a ichimoku support cloud the price bounced.
Please, suscribe to my Steemit Blog if you like these posts!
steemit.com/@pawnuts
Nota
will go long at 0.000830Nota
The big pictureI meant for this to be the main thumbnail
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