EOS running out of Fuel or just Started?
Updated
After several requests to do an analysis on EOS, here it goes. It obviously got pumped like most alts. A bit bigger than most as well, but it got hit the hardest as well the past month. At the moment it looks like it is running out of steam a bit. Of course depending on Bitcoin', it would not be bad to make a good consolidation here.
On the right i have zoomed in, we can see a small bull flag. If that breaks down, there is still the possibility for a ascending triangle. The 2.4 is obviously a level that needs to be defendant by the bulls. If that breaks, anything could happen. Volume is good at the start of the rally but is decreasing now as well but nothing unhealthy yet. I would not expect too much on the short term though. Think if the small flag breaks and the triangle, we will prob test the 2.4ish again
On the right i have zoomed in, we can see a small bull flag. If that breaks down, there is still the possibility for a ascending triangle. The 2.4 is obviously a level that needs to be defendant by the bulls. If that breaks, anything could happen. Volume is good at the start of the rally but is decreasing now as well but nothing unhealthy yet. I would not expect too much on the short term though. Think if the small flag breaks and the triangle, we will prob test the 2.4ish again
Note
The candle on the left is quite bad now, if it closes below the 2.55/2.6, normally becomes a sell signal
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