EOSBTC is moving in a sideways trand between 0.00031 to 0.0004. If It breaks the resistance at 0.0004 we may expect a bullish trend. But the volume are not supporting the up trand. So I think the price will probably bounce again in the area of 0.00035 in a short time perios
From a short term analysis, the price is moving lateral inside a very small interval: 0.00215/0.0022. Now the price is near the resistence level 0.0022. If it breaks, my previous analysis may confirm the bullish trend.
The chart showed divergences in both RSI, and MACD in September. A bullish trend can be expected if the price break the resistences at 0.0022 and at 0.00235. Let's see what happen
The behavour is alligned to what I exepct in my analysis of the 18 Oct. If the price break the resistence at 1.118, it's very likely to expect a bullish behaviour till the next resistence at about 1.125
As I estimated with my previous analysis of the 10 October, the price has gained momentum and broke the resistence around 1.103. Now the price broke the resistence of 1.110. If the price stay above this level in the next few days, it's possible to expect a bullish movement. The trend may be influenced by the macro economic datas coming from the Leading Indicator...
Analysing the chart, I think there is high probability of a forthcoming bullish trend. This change in trend is supported by the indicators RSI and MACD that have shown divergence in the last lows
