EOS Technical Analysis: WATCHING AND WAITING...AGAIN
EOS has been able to hold onto the gains it made a few days ago. It's now consolidating within another wedge, creating lower highs and higher lows.
The 1 day MACD just crossed into bullish territory. Since mid March, every time this has happened, price continued to make significant gains in the following days. While past performance does not necessarily predict future results, it is interesting.
In today's video analysis, I discuss where price may go from here, market sentiment and MUCH more. I hope you find it helpful.
Video Analysis:
If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.
BIAS:
Short Term: Slightly Bullish
Longterm: Bullish
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
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by Workin2005
Great video...I like the rally, wedge consolidation before price continues higher....we shall see.
Thanks @rollandthomas. Can't wait until EOS (or any altcoin) is no longer tied to BTC. I have a real love/hate relationship with this market. ;-)
👍
Awesome
Show me some 💘 back
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Very well written and informative article!