(4/3/18) EOSBTC - Congestion

in #cryptocurrency • 6 years ago

A horizontal count from the previous congestion yielded a projection to 0.00076 that has not been met.

EOS has congested between 0.000792 and 0.000832. Resistance seems to be stronger than support.

A bigger picture:

We can see over the past month EOS has been generally moving in an upward trend making higher highs at the termination of each upward leg.

I think EOS will move down from here to the lower trend line before turning up to test new highs. With good news coming out very soon for EOS I hope to see strong technical indications for a breakout. Overall I am optimistic about this crypto.

#eos #trade #analysis
6 years ago in #cryptocurrency by
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