EOS - Do We Need This Market?

The falling of 2018 pushed me to think about cleaning my crypto watch list. There are thousands of coins, and of course, probably 99% of them are useless for trading or investing. It's time to clean the list from such markets!

This time, let's talk about EOS. The market looked very interesting in 2017 and had great potential. What we have now?

If we use swing highs and lows for trend direction, EOS confirmed the reversal of the bearish trend. The same goes about using MA with period 100.
The market became bullish and gave several opportunities to join a new uptrend.

If we talk about higher timeframes, the market stays bearish and the upward movement it is a correction. Also if you use MA with bigger period like 200, for you the market remains bearish, and now the price is at the important resistance zone formed by SMA200 and 4.500 level. The market bounced from this zone, and we should expect for a downward movement. The market can fall to the support zone formed by the uptrend and 3.00 support level. In this zone, reversal signals will be perfect for buying.

Indicators:
- RSI confirmed the price reversal from the resistance zone
- MACD histogram and lines support the downward movement
- DMI is bullish but ADX line falls confirming the correction in trend market.

From TA the market bounced from the bottom and confirmed the reversal of the bearish trend. We have possible entry zones based on the reversal signals from the uptrend line or the breakout signal above the local swing high and the resistance zone - this type of signals will be good only for long term trading.

But what do you think about EOS from FA and perspectives to become a valuable market? Should it be left in the watch list? Do you believe that ATH will be reached again?
Please, share your ideas about this market in comments!

If you like this post, please, support it by your LIKEs! More LIKEs for this post, more trading ideas, market overviews will be published about altcoins.