EOS mainnet launch in process - price surged ~20%!
EOS mainnet launch is currently in process and it's holding ~0.0019 BTC/EOS at this moment.
In the daily chart, you can see EOS/BTC formed a falling wedge and found a support at ~0.0014 BTC/EOS. Then, it broke out of the falling wedge. After holding ~0.0016 BTC/EOS for a few days, the price jumped again ~20% with a great amount of volume as the mainnet launch started and the 50 day MA touched the price.
Can EOS/BTC continue to go higher?
In the 1h chart, EOS/BTC is forming a pennant, which is a continuation pattern, and the 50h moving average is approaching. So, I would say that the price could go higher when 50h MV touches the price and within a week it could test the all time high as long as the mainnet launch is going ok.
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I am not a certified financial advisor. This post is just my personal opinion and not financial advice. Please do your own research and do not trade just based on my posts.