apolloriver

Potential 14x incoming

Long
BITFINEX:EOSBTC   EOS / Bitcoin
It looks like EOS is coming close to breaking out of a massive descending triangle.

There's a smaller descending triangle EOS is about to break out first, which will put it up by 140%.

The second massive descending triangle would be putting it up by around 1400%!

Currently it sit's closely on a support level around 0.00015619 and is likely to break out of the first smaller triangle within 1 - 3 more bars ( weeks ).

A breakout of the smaller descending triangle will automatically lead to a push above the resistance line of the second massive descending triangle which was previously touched 4 times already.

The RSI shows EOS currently in an oversold area, so it looks like a good entry point as well.

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