EOS vs Bitcoin (EOSBTC) Analysis by Request

EOSBTC is sitting on a very interesting spot.

Here is a coin that has been holding really strong, moving up and holding good while others were not.

So what I am seeing here? Just as you can see from the chart above, we are facing strong resistance at the moment and some bearish signals are forming.

We have a mix of bear and bull signals here but with good momentum EOS can move up (which is the main reason why I was asked to analysis this coin, to see if it can go up - please read in full). With no momentum, it can go sideways or a bit low.

Support can be found at the following levels:

(1) 0.00124
(2) 0.00114
(3) 0.00103

Resistance/targets can be found at the following levels:

(1) 0.00140
(2) 0.00150
(3) 0.00160

EOSBTC is coming out of oversold on the RSI and the STOCH is trying to move up. As I mentioned earlier, there is chance for EOS to move up with the market but it needs a strong push. The young bullish crossover on the MACD is a positive signal but yet too early to count on it. Also, the MACD is on the bearish side.

I would wait to cross the thin green dotted line, before considering a trade.

With so many altcoins at the bottom, I would rather put my money in something else. Less risky, as this one just reach all time high a few days ago and even if it doubles in price, it would require lots of money and the risk for me is too much. On the other hand, you can buy EOS if you want to hold long, this is the 5th biggest crypto by marketcap, with this one you can't really go wrong.

Upcoming event: 31 December 2018 (or earlier) - Decentralized Exchange
We are excited to announce EOSfinex - a high-performance, decentralized exchange to be built on EOS.IO

This is an analysis by request.

This is an educational post.

This is no trade advice.

Thanks a lot for reading.

Thank you, thank you, thank you, thank you again.

I love you...

NAMASTE.

Comment:

EOS needs some help but I have the feeling that it will climb up shortly...

Trade closed manually:

EOS hasn't move up. I would wait for it to cross the dotted trend or dismiss this coin completely based on my initial observation.

Please remember, this is no trade advice...

Use this information together with other analysis and date you collect to make an informed decision on what you should do next if you are holding, or wish to hold, this coin.

Namaste.