EOS price analysis: Overbought?? 29/4/2018
I am not a financial advisor, and nothing in this video constitutes financial or legal advice. Please invest responsibly and do your research with due diligence.
EOS has become the only cryptcurrency that has touched and surpassed its January highs again, clearly signalling that its in all new bull-run and only sky is the limit for the prices now, even as RSI, MACD, bollinger bands suggest its overbought.
EOS/USD is up more than 13 percent at $21.25, near the highs of the day which is at $21.4499. RSI of 89, MACD crossover at highs and stretching bollinger bands on the upper side, all indicate reversal to the mean could happen anytime and bulls will have to cool off before they get trapped at higher levels.Given the momentum, there's no limit up to how much EOS can rise for now and any claw back from these levels would only be buying opportunity for the investors and new all time highs on a regular basis can't be ruled out.
Will you buy EOS? Or wait for the dip? Let me know what you think down below!! ;)
For me it's crazy it's going against the general trend...
Those investors do that mate! THE WHALES or just a piece of news any of those can be a catalyst to the price pump!
For me this again proves the market manipulation in crypto. There are even no rumours :)
cant agree more!!
Let me know what you think!! ;)