Move up side coming. The the bullish pennant flag pattern. Two touches on the resistance before it broke out and The flagpole which leads to the pennant should be unusually steep and last several days. This pennant flag pattern is called THE LOOSE FLAG, which has white space inside the flag. Recap of the previous chart here https://ci.covesting.io/tradeidea/eosbtc-2..
target still valid. As the price has broken out of the symmetric triangular flag which confirms a long entry...As shown below :
The 42usd target is very much still in play
Using the pitchfork, price is currently heading to the ML(MEDIAN LINE)
And lastly the use of FIBONACCI SPEED RESISTNCE/SUPPORT LEVELS..The green boxes are the key support levels which eos has held strongly to, now heading for the blue zone at 22usd.
TECHNICALS suggests that both confirmation of the up trend in price has be validated with the previous target on https://ci.covesting.io/tradeidea/eosbtc-2 still intact.
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.