Taking a look at EOS-BTC on the 4hr. Seems we have a cup forming at the top. EOS has been known to form cup after cup. So far this is still the typical EOS pattern. We are about half way up the right side of the cup now with plenty of space to move up.
To complete the cup we would reach a price about .002436 BTC.
We are trading above the Ichimoku cloud currently. With a bullish bounce at .001777 off the top of the 4hr Kumo cloud.
A 1 to 1 extension from our last major move up would put us around .002180 and the 1.618 extension would put us right on target to finish the right side of the cup and double top.
A double top at this level would set EOS-BTC up for a potential cup and handle on the 4.
For now all signs are looking like a go. As always keep your stops in just in case. This coin can experience some nasty corrections.
Good luck & Happy trading
https://www.coinigy.com/s/i/5b1b6d0d5114b/
-Spacebird
I welcome all comments and criticism.
