EOS Chart Analysis
EOS, like most altcoins, took a significant hit and briefly found itself at around USD 4.20. In the meantime, the price has recovered somewhat and is in a bullish chart pattern at around USD 4.72.
On the 4H chart, we can see the formation of a double bottom pattern. The neckline or resistance line here is our monthly resistance at around USD 4.97. If we manage to break through this resistance and possibly confirm it, a rise to the area of approx. 5.50 USD could be imminent.
The RSI and MACD are neutral so far, forming no bullish or bearish signs.
In the EOS/BTC chart, we continue to barely move from the spot. We have been in the 0.0001 BTC area for weeks. This is also where our strong support has been for years. At the moment we are at about 0.000137 BTC.
At the moment, we are not managing to overcome the strong resistance at around 0.0012 BTC. This resistance is preventing us from moving up towards the yellow resistance. Volume is also visibly decreasing here. We could continue to move in this range over the next few weeks.