This EOS is a tricky beast. tends to pick new trend lines without notice.
Looks like the bearish action today is the result of a continuation in the downtrend. 1.8 was not enough to break it out.
Once we break the yellow downtrend, I expect a similar uptrend. Good Luck!
Am betting that the dominance charts are the real charts to watch. Everything else is subject to manipulation, eg. trading against bitcoin, trading against national fiat currencies, in the broad global enviornment. The charts don't tell you anything. Which is why EOS.D is my new favorite chart. We can see that we are at previous long term support on dominance....
This is a good sign and evidence that EOS is on the mend. As you can see though it has a tendency to tell the 100 MA and other MA's to go f right off and do whatever it wants.
There's some good support here. If she breaks I don't really see it going lower but who knows. My bet is the upside on this crossing the 250 and gaining momentum.
I think we will see a large upwards or downwards movement. Everyone seems to be anticipating volatility. There are those who have already sold and will be trying to trading this. There will be those that simply want to trade the volatility. There are those who are just sitting on their tokens and those who will just be watching. I think its going to get...
Running up to mainnet release and possible due to the mainnet release I am forecasting a $50 EOS price. This is based on a Log chart. This would "ONLY" be a 177% increase compared to the 1700%+ run its had since the initial ICO price of $0.99.
