EOS Price Analysis: Things Are About To Change...
EOS has been trading in a very narrow price range for the last week but that is probably about to change very soon. Lets have a look at the 4 hour chart:
Comment: As you can see, the bollinger band has really narrowed and that usually ends up in a major price move. So, the question is, in what direction?
Well, since EOS has been very week against Bitcoin lately , chances are that the price will move north. It is way oversold. Also, Bitcoin is right now in a temporal downward trajectory, lets have a look at the 4 hour chart for Bitcoin:
Comment: If you look at the circled moving average within the bollinger band, you can see that it is already falling. That is why I think Bitcoin will fall more from here.
Therefore, EOS is more likely to move higher from here and the move will probably happen within the next 24 hours.
Happy trading!
I think EOS just needs to grow. Once they get a proper blockchain in production and start developing their technology we might start seeing higher increases. EOS expects to compete head to head with Ethereum.
I'm with you on this one - I was holding a bit of EOS for a minute until I read further into the EOS faq and realized what the actual deal is and the fact that there's no guarantee that EOS erc20 token holders will be reimbursed with actual EOS tokens when they're actually released.
there's never a guarantee, public chains are not ran or created by companies but by decentralized network. however, any chain not using distribution swap will suffer issues and will not be directly supported by their company. most ICO's don't care much for decentralization or distribution so you don't see that often. e.g. https://steemit.com/eos/@cob/shedding-some-light-on-the-eos-token-purchase-agreement or https://steemit.com/eos/@tolkatore/all-eos-scam-signals-dispelled-in-one-bite-sized-video
You are probably right concering the development, I am basing this potential trade solely on technical analysis.
thanks for the information...
nice post...
upvoted and followed...!!!
Its about time things start changing on EOS
Can't wait to see where it will be a year from now
I hope so... so far my EOS investment has just slowly melted away over the last few weeks
You've made it look effortless.