Yesterday EOS produced a high volume candle, the first one since mid-April.
The conditions for this pair are really good and everything is happening according to bull market dynamics.
Notice the developing of a broad rising channel. Also notice the fact that after the major low in early March there is no rush for the market to grow, instead, we are seeing slow and steady growth. This is a type of consolidation which I call bullish consolidation, instead of sideways prices accumulate but slowly moving higher.
The other reason why there is no hurry for the market to grow is because we are now in a bull market. Since there is going to months and months of bullish action, the bulls can take their time and this is what is happening.
The path is clear and the bullish bias is 100% confirmed. It is reinforced with each passing day that closes green. Patience is key.
In late 2024 the bullish wave lasted exactly one month, between 4-November and 4-December, this time, the bullish wave can last 6 months or more from bottom to top. When the bullish wave is over the action will go off this chart.
Prepare for positive surprises.
Prepare for huge profits.
Do whatever you have to do to be prepared.
Do not be caught off guard, it will be big and the market will give you as much as you can handle.
Thanks a lot for your continued support.
Namaste.