EOS is awn Alt that I continue to HODL while questioning if I should give up on it on the next pump. It seems it is not getting any publicity and very much hated, due to fundamental shortcomings. However, from the technical perspective here is my impression.
As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now?
1) EOS is below the Ichimmoku Cloud => no strength to the upside.
2) EOS Ichimmoku Conversion Line is above the Base Line => long signal
3) EOS is still battling the 8W SMA => no strength to the upside.
4) EOS RSI is still flat and below 60 despite breaking out of the resistance => no strength to the upside.
I remain bullish for the whole market, I remain bullish for EOS... but till the indicators above show some strength, EOS will continue to go sideways.
If you are a HODLer, there is no harm in accumulating. If you are a leveraged trader, you are better off going long after BTC's pullback.
As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now?
1) EOS is below the Ichimmoku Cloud => no strength to the upside.
2) EOS Ichimmoku Conversion Line is above the Base Line => long signal
3) EOS is still battling the 8W SMA => no strength to the upside.
4) EOS RSI is still flat and below 60 despite breaking out of the resistance => no strength to the upside.
I remain bullish for the whole market, I remain bullish for EOS... but till the indicators above show some strength, EOS will continue to go sideways.
If you are a HODLer, there is no harm in accumulating. If you are a leveraged trader, you are better off going long after BTC's pullback.
Unless you figure a way to make money while you sleep, you’ll work till you die.