4hr chart
EOS has been consolidating between EMA 50 and EMA 200 for a week now. If BTC confirms breaking out of its downtrend then its likely most coins will follow suit.
MACD just crossed down but is fighting to stay up. MFI shows movement up.
Look for a breakout at the 9.9 - 10.0 range with the fib 0.62 as the first target.
Unfortunately the whole market moves with bitcoin and money is currently going into LTC and BTC before others.
Downside is a break below the 9.0 with little support beneath that.
EOS has been consolidating between EMA 50 and EMA 200 for a week now. If BTC confirms breaking out of its downtrend then its likely most coins will follow suit.
MACD just crossed down but is fighting to stay up. MFI shows movement up.
Look for a breakout at the 9.9 - 10.0 range with the fib 0.62 as the first target.
Unfortunately the whole market moves with bitcoin and money is currently going into LTC and BTC before others.
Downside is a break below the 9.0 with little support beneath that.
Comment:
Well, EOS has broken support, following BTC back into its down trend channel.