EOS Technical Analysis - Prices ramped up for the launch
EOS has had a trending bullish run up until the start of 2018. With the global crypto and commodities markets experiencing a plunge, EOS has followed the same trend from the start of 2018. After marking the Fibonacci replacement indicator, it is evident that the token is receiving good support from the 61% replacement level which hasn’t been tested adequately. The parallel Bollinger bands indicate that the market is bound to remain sideways for sometime before resuming the bullish trend. With EOS testnet being tested successfully under developers frame, we can expect an early launch of the mainnet which would boost the prices and onset the bull-run.
Currently, EOS is enjoying a bull run with prices stepping upto $10. With little over 40 days left for the mainnet launch, the $18 high can be expected to be broken soon.
EOS can easily reach 150$ by the end of the year if the project is successful.
This will be true if they can ramp up quick projects on their blockchain. Possibly few good ICO raises and we will be there soon enough.
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