EOSBTC, EOS - Bitcoin: Rectangle ready to breakout
EOSBTCOn EOSBTC we notice a clear rectangle in which the price has been in this range for 5 months now.
We think the EOS blockchain is interesting, thanks to its DPoS protocol, even if between the two considered cryptocurrencies we remain more and more Long on BTC, because it has a history, better fundamental criteria and a greater interest from the mainstream, and we also consider it extremely decentralized.
In this case, if we had EOS in our portfolio, we believe that with an upward breakout we would reduce the allocation on BTC in exchange for EOS viceversa with a downward breakout.
Good trading, everybody!
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