Weekly Analysis - EOS BTC

Right now, I am bearish on EOS. I could change my mind in the following days, but let me explain why I think that way.

What stuck my eye, is the decrease in volume in the last couple days. The RSI making a new lower high. The Ichimoku Cloud behavior: it reversed so poorly I'm afraid we're on for a new downside ride.

On the weekly chart we can see better a bear flag being formed.

Other possibility: a rising wedge on the daily chart

That's all for today. I might update this idea in the next days so you should follow me if you don't want to miss it.

Feel free to comment your opinion and thoughts !

Written by Cyato - 2018-10-24

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