EOS is looking good within its 1D Ascending Triangle
. While the recent rally started by the bullish
comments of Dan Lerimer (EOS CTO), more positive fundamentals kicked in (Bitfinex launching Eosfinex) and the $4.00 level can be turned into a support.
Such strong spikes since February have most of the times turned into sideways trading until the next one (hence holding the Ascending Triangle
) with the exception of one (green arrow).
I expect a similar pattern, but if the 4.5417 Resistance breaks, 5.0000 will be my target.
Below is my long term overview: