Looks like EOS is attempting to move out from this downtrend. It has already moved away from two downtrend slopes and is going to approach the 2 more downtrend slope which should eventually recover its bullishness once it goes past these.
However, if EOS continues to plunge further down, then it's gonna be quite a long wait before it moons again.
The Bears are winning and we may see one more leg down before the Bulls come to the sale and begin buying this great coin at a low price. The fib studies tell me that the overlapping extensions may provide an opportunity to buy. I will be keeping this on my radar as it's one coin I want to hold for the longterm
Please use caution when you trade - the...
Eos is under development, first release will be on 15 September
Many people is shorting this Token but it reach an important support at the level showed on chart.
The cross EOS/BTC can benefit from BTC/USD tank that probably will take action in the next hours.
This maybe the perfect moment for skyrocketing of EOS/BTC and all cross concerning EOS because of...
EOSUSD consolidated hard after its fall. Sideway movement is good as whales could be looking for opportunity to buy. Look for a surge in volume and a confirmation from price action before buying.
Okay, so a breakout has occoured.
Watch this RSI red line to decide wether it is a good idea to buy/stay in the trade for now.
Above red = good
Below = not so good
