EOSBTC - March 2018 - An Analysis

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·@pawnuts·
0.000 HBD
EOSBTC - March 2018 - An Analysis
![](https://steemitimages.com/DQmPWK1co9Q6pkury6yrPbXY8ekM1YmojZ77a1prH8W2w8m/image.png)

March ended with approximately a zero net gain/loss. we saw the February 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. 

![](https://steemitimages.com/DQmeepmN3ZZvfSUV7prdpG2FLzEgAeBCvu832sxW9cGaXxb/image.png)

However, this is counteracted by broken resistance levels that suggest a more bullish outlook on termination of this rising triangle. 

![](https://steemitimages.com/DQmYVx59XsL9RDtTq9mZxWpjtEE2H3xNQzzjwoYXCN2H1AV/image.png)

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 alternate less likely pattern might unfold - A bull trap followed by a Spread Quad / Tripple Bottom formation and a movement in a downwards direction. 

![](https://steemitimages.com/DQmb6YBvBvAyWMjqqMn8SV84VKqJcKHGzqMbUv3YWDCVoxy/image.png)

Historically though, when presented with ambiguous direction over an Ichimoku support cloud the price bounced. 

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**UTC 03:54 UPDATE:** 
![](https://steemitimages.com/DQmPzu6AyQqnXsjjKhmHsccAcWKMyEtyVQ4XaaiZZDdk5Je/image.png)

A Spread Triple Top has formed. If the price goes above 0.00084216 before reversing then this signal is locked.
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