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What will Happen with EOS price as Main Net Launches Soon?
Hey, I am back with Another Technical Analysis, this time taking look at EOS.
EOS same as TRON, is having its main net launch in few days.
For EOS it means faster transactions, lower fees and many more benefits.
EOS is direct competition to Ethereum, it even has potential to surpass Bitcoin Cash or maybe even Ripple.
Okay, enough about EOS, lets just dive into the chart.
Few ressitance lines, one strong verified support, downtrend line that has been broken and an Ascending Triangle Pattern.
Ascending Triangle Pattern is consider as very likely Bullish pattern, failure of this pattern can be only due to major Bitcoin selloff under 7,000.
That was shortly about the Chart, I think I said everything Important.. Lets move on taking look at Indicators.
RSI is bouncing off 60 good bullish level, it was oversold which is great for trend change, that means the sellers are satisfied enough with profits.
MACD shows bullish divergence, 1 day MACD look ready to seek higher levels.
EMA shows uptrend.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with EOS somehow clearer.
If you like this Technical Analysis let me know in the comments, likes are always aprreciated, Thanks !
If I see something worth to share on the chart I will surely do an update.
EOS same as TRON, is having its main net launch in few days.
For EOS it means faster transactions, lower fees and many more benefits.
EOS is direct competition to Ethereum, it even has potential to surpass Bitcoin Cash or maybe even Ripple.
Okay, enough about EOS, lets just dive into the chart.
Few ressitance lines, one strong verified support, downtrend line that has been broken and an Ascending Triangle Pattern.
Ascending Triangle Pattern is consider as very likely Bullish pattern, failure of this pattern can be only due to major Bitcoin selloff under 7,000.
That was shortly about the Chart, I think I said everything Important.. Lets move on taking look at Indicators.
RSI is bouncing off 60 good bullish level, it was oversold which is great for trend change, that means the sellers are satisfied enough with profits.
MACD shows bullish divergence, 1 day MACD look ready to seek higher levels.
EMA shows uptrend.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with EOS somehow clearer.
If you like this Technical Analysis let me know in the comments, likes are always aprreciated, Thanks !
If I see something worth to share on the chart I will surely do an update.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.