In this post we are going to have a look at EOS and see if we can predict where EOS is headed next. Here is the daily chart for EOS versus USD:
Comment: As you can see EOS is right now up 3% for the day which is on par with Bitcoin and among the best performing altcoins. Today is also the first green Heiken Ashi candlestick day in 3 days so that is clearly a good sign and the volume has picked up as well so you could make a good case for a continuation of todays price action.
But lets also have a look at EOS versus Bitcoin:
Comment: What we see here is a more negative story, EOS is still struggling against Bitcoin and it looks like it wants to make another low. So we could take out the previous low but that could be a positive sign as long as we dont take out the previous wavetrend low. Then we could get a wavetrend divergence which could be a good time to get in.
Anyways, watch the video where I will give more details about this and we are also taking a look at the hourly chart.
Happy trading!