EOS Technical Analysis: WATCHING AND WAITING
cryptocurrency·@workin2005·
0.000 HBDEOS Technical Analysis: WATCHING AND WAITING
 ### EOS is consolidating within a wedge. I believe a breakout, up or down, is coming as it approaches the apex.  ### Zooming out on the daily chart, we can see a descending resistance line that’s been in place for nearly 4 months. It’s been tested numerous times. If price can break above this, it’d be a major win for the bulls. Volume must increase if this is going to happen. Right now, we’re not seeing nearly the volume to break above this resistance, much less sustain a long term bull run. Once we have daily volume that consistently exceeds at least $1.5 Billion, you’ll know the bulls are taking control of the market.  ### The 1 day RSI still remains below the descending resistance I’ve pointed out in my past 2 updates. It’s about to test it again. I’m expecting a breakout, or a major rejection this time. I highly doubt it will just hover right below as it has in the recent past.  ### Looking at the 1 day MACD, we can see it’s just crossed into bullish territory.  ### Shorts continue to stack, suggesting retail investors believe price is going to drop. I wouldn’t be surprised to see market makers run a stop hunt to liquidate many of these orders.  ### In todays video analysis, I discuss multiple traps to avoid, price movement, where to set your stop loss if you’re taking a position and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story. ## Video Analysis: https://youtu.be/9UrPWAS612w #### *If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.* ### BIAS: **Short Term: Neutral** **Longterm: Bullish** **I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!** ### *Workin* ## **If you found this post informative, please:**  **If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. Sign up here free of charge: https://www.binance.com/?ref=16878853** **Brave is one of the safest, ad free browsers ever created. It helps support the crypto ecosystem by awarding content providers with BAT tokens. Join the revolution and download the latest version here, free of charge: https://brave.com/wor485** **Follow me on Twitter (handle is @Workin2005) and Facebook to receive the latest updates. https://www.facebook.com/Workin2005**. **MAKE SURE to check out TIMM (Traders & Investors Mentor Market), a STEEM based platform for traders and investors of all levels. Sign up for a free membership and take advantage of the knowledge shared by many experts and investors. You can find the link to TIMM below.** --- **Published on** <center><a href="https://mentormarket.io/"><img src="https://cdn.steemitimages.com/DQmXuk9bWMiPgXdowVfh4JBSGUXMqQkLa1u7ANwzTssgp25/250%20blue%20Overlay%206.png" alt="mentormarket.io" /></a> by [Workin2005](https://mentormarket.io/profile/@workin2005?aff_id=Workin2005)</center> --- <center><a href="https://mentormarket.io/legal/termsandconditions"><img src="https://cdn.steemitimages.com/DQmY5feG75MDWS57aX2rSUUa8bhzcZEyb5XKZCHY7FUzmXn/Disclaimer.png" alt="https://mentormarket.io/legal/termsandconditions" /></a></center>
👍 workin2005, rjet, unitedcrypto, edrivegom, mithilsood, timm, maarnio, fortinbuff, thecrazygm, mitrin, anotherjoe, escapeamericanow, expat, expatembassy, aashusood, moneymantra, toofasteddie, kywt, mangos, ikramellahi, alexbezimeni, arjun9, zafarynl, cryptoexpert79, tomrafol, chnadrakant111, abhisheksilmana, unfixable, majidawan, noorsamad, aman2017, crypto.india.tak, shahidullah832, cannabiscup, ohmii, cosmabass, shavedbiped, rameshkc2027, ahabib, a-9, kuberman, mohammadsajad, anikas, arafatsaikatcse, huyngo3008, kuldeeprajput, black14153, crypt0age, ajaycrypto18, graphyhunt, aimlessjasim, cryptopassion, hunny100dev, johnroomusic, saghir, vyaduka, kp33, farukcom, krevasilis, shreeram1, vikasgoel1234, healthgym, vipins, kkay05, vasilisapor2, fractal-team, logan9852, easybuck, filinpaul, jjaman, saraheasy, pacolimited, bitlady, susobharaj, shaikfarru, danlipert, mysterymind, kate-nakamoto, durendra, surajchavan, mitul214, tuseef-akram, payelmia, r7trader, sandwichbill, macbaren, rawpostblog, ishan89, cryptojb, djaay, traderr, zizuflorin, dion66,