EOSUSD: A Couple of months to the big move?Monthly indicators:
1. SRSI: No considerable movement so far. Yet, SRSI is saturated. Then we have to wait for the other side of the story.
2. MFI: Though not saturated yet, Money Flow is signaling continues sell during the last 30 days.
3. CMF: This one has been ever plunging since 01 Jul 20, and a trendless momentum since 01 Jan 21. Yet, from 01 Jan 21 price managed a 141% growth toward $5.71.
Fundamentals:
1. According to FCAS it scores now 915 out of 1000 a 2 grade improvement from 913. Users, Developer Behavior & Market Maturity.
2. Bad news about CTO's resignation has any impact?! I do not know. Does this affect functionality & market performance considerably?! No clue.
3. The industry market's Money Flow sounds odd. Are they all BTC-dependent?! Their value is calculated by MACHINE?! If not, then why there is an instant price replication between Bitcoin & all these? People are watching Bitcoin & as soon as it dips they sell?! Right?!
Human Bias:
I believe there is always a big threat by our way thinking. We like a security to soar since that's our own will & vice versa. Something is going on of which I have no clue. EOS is really underperforming for no reason.
Based on the abovementioned I do hope it is going somewhere good! :-)
Not a financial advice.