Hello guys,
Yesterday EOSUSD pumped up with important volume due to the release of EOS's mainnet.
From a technical point of view this coin is very strong if compared to BTC, or ETH but after the
important soar of saturday it's near an important resistance area. As you can see from the chart,
prices are near to collide with $16 area which represents a strong rock to the climb.
Once this level will be broken prices can go towards historical high to $23.
This strongness is also underlined by indicators: especially CCI indicates a possible prosecution of rally.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Yesterday EOSUSD pumped up with important volume due to the release of EOS's mainnet.
From a technical point of view this coin is very strong if compared to BTC, or ETH but after the
important soar of saturday it's near an important resistance area. As you can see from the chart,
prices are near to collide with $16 area which represents a strong rock to the climb.
Once this level will be broken prices can go towards historical high to $23.
This strongness is also underlined by indicators: especially CCI indicates a possible prosecution of rally.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***