If you look at alot of these alts they are at nearly 2017 dec highs.
EOS is at dec high. Compared to bitcoin which is under half its value from dec.
Are they way overvalued now, or are they just catching up to bitcoin?
rejected twice now off the fib .382, probably a sign for more consolidation, bur I dont think bullish move, probably h6as shaken up alot of people who dont follow TA and think the markets go in one direction, always ebbs and flows. Of note, bounced back from the bottom of the rising wedge, which needs to be considered.
currently being rejected at the .382 level retracement. Who knows how far it will bounce, but of note, below rising wedge. Monitor closely for bounce, may go either way.
i think that it was algos buying off the .786 level that pushed the price up, doing what they are programmed to do. Plus joe public seeing this increased the price.
Now we can see there is no volume at all, I wonder how the algos are selling, probably peacemeal, obviously programmed to sell at the .386 level.
I suggest they may do the same again at the .786 level...
