BTC / EOS bulls are in shape

The first thing we notice when opening the 1D graph is that an ascending triangle has formed, which suggests that soon EOS could break 4000 satoshi and return up to 4800 satoshi, a scenario that, frankly, seems to be among the most likely. As for the weekly chart, both the MACD and the RSI appear markedly bullish, while the bollinger bands show us that, as mentioned, the upward trend should bring the price to an area between 4800 and 5000 satoshi. Let's go back to the 1D chart and set the ichimoku cloud to try to define the trend; we immediately realize that EOS, at this moment, appears to be markedly bullish, with the price that has been reported above the clouds, followed by the delay line that reinforces our bullish signal. The pull back, which normally always follows the breaking of the clouds, has already been on November 7 and the feeling is that EOS could enter a parabolic trend and jump up to touch a maximum of 7000 satoshi; it really is a sensation, but it remains that almost certainly within a couple of days the 4000 satoshi resistance will be broken and at that point we will understand how strong the current bullish pressure is.

Weekly forecast

At this moment, in the panorama of the altcoin, EOS seems to be a more promising cryptocurrency and really deserves to be followed closely because it is at the beginning of an uptrend that could give excellent profits to those who had to open a position at this time. The best time to buy would have been on the 7 November pullback, but even going long could now be a good move; EOS also offers an excellent opportunity for a short-term trade, as mentioned, in fact, almost certainly this currency will reach the 4800 satoshi, so a profit of 20% is at stake compared to the current prices that could be consolidated already in the course next week.

Please note: this post is not intended to provide any financial advice on how to invest your money, but is for educational purposes only.

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