Start eos technical analysis

eos technical analysis

On a positive note, altcoins are stabilizing near our historical reversal drops—90 percent down from 2017-18 peaks. For now, we recommend taking a neutral to bullish stance especially in Litecoin, Stellar Lumens—retesting a monthly support trend line, IOTA and EOS. Fundamentally, TRX might get a boost but that’s largely...
Days after the Chinese CCID said EOS top the charts on matters technology, applicability and innovation, the Chinese government went ahead and outlawed cryptocurrencies and related business. This caught the market off guard and though there are no wild price swings, we might see lower lows today as investors...
Though there are attempts of higher highs now that most coins are yet to break away from key support lines and still trading inside that strong bullish engulfing candlestick of Aug 17, odds are today sellers might snap back and confirm the eight month bear trend. As seen from...
All in all, traders and investors are optimistic of a morale boosting recovery in altcoins price. Nonetheless, for that to happen then we must see strides as EOS, Litecoin and Tron buyers build up enough momentum for further higher highs past last week’s highs. IOTA and Stellar Lumens bulls...
Apart from IOTA which on paper seems to be outperforming peers adding 15 percent in the last days, other coins as Tron, Litecoin and Stellar Lumens are up roughly two percent on average. Of all coins though, Stellar Lumens (XLM) is the most stable as they consolidate horizontally along...
The altcoins market is in recovery mode and after more than two months of persistent sells, their momentum is fading. Though they still lack solid confirmation, price floors are morale boosting for coins as EOS, Tron, IOTA and even Litecoin which were heading lower. Next week’s price action would...
Even if prices are fair off from seven days ago, still bears are in charge. The daily chart specifically displays a ball park five percent drop over a 24 hours span in coins as Tron, IOTA and EOS. Though we remain bearish, any high volume break above $65 might...
For the first time in more than n days, the top 10 is green and printing double digits right at main support lines. Of course, in the last days, support lines were melting but gains at Litecoin, IOTA, Tron and EOS are steeling coin supporters. In the top 10...
Even as bears fatten, there is some good news for Stellar Lumens holders. It is now the fifth largest coin by market capitalization and the most stable coin in the last week shedding 13 percent. This is definitely a huge boost for coin holders and as more mainstream companies...
Despite the stable prices in some altcoins as EOS and Litecoin, most coins under our review are yet to recover. IOTA for example is last week’s top loser shedding more than 50 percent on a weekly basis and is down 12 percent in the last day. Tron (TRX) is...