Crypto Screener Forums Emerging markets – TA – Forecast EOS (EOS) Forecasts – Technical Analysis Reply To: EOS (EOS) Forecasts – Technical Analysis

#18269
margincall
margincall
Keymaster

Taking a quick look at EOS/BTC as I can see a bear pennant / flag painted.

eosbtc price forecast 19 oct 2018

For those looking to trade the EOS market I would be prepared for a move in either direction, and use the RSI and Moving Averages to guide the way. These kinds of candle stick formations do not have a 100% success rate, meaning there is a possibility that the price can move in either direction.

Should the RSI move above 50 and keep pushing up there is a good chance that the break will happen to the top side, however should the RSI keep on falling, I will prepare for a drop and even lower prices incoming.

Support for me on the short term is at 0.0008100 btc and the resistance zone im looking at is 0.0008350 btc. Safe trades.