The market is going through a period of flat calm and this does not only apply to EOS but in principle it is the same for almost all the high capitalization altcoins. Since when the bullish tension starts to slow down the risk is that we are near a dump it is the case to go immediately to take a look at the charts so as to try to understand together what to expect from next week.

BTC / EOS the scenario is still bullish

As for EOS, there is not much to say this week, the scenario is bullish on all fronts and time frames, so this week's analysis does not differ greatly from that of last Sunday; in such a scenario it becomes important to focus on the 4H time frame. What we see, combining the maximums reached on November 10th and November 15th is that at this moment the price is beating against the resistance; compared to current prices, from an intraday trading perspective, we could have or fall in the next few hours (at most tomorrow) if the bulls are not able to break the resistance, or a new rise if the resistance is broken. The level to watch is the 4000 satoshi, above this quota we can be almost certain that the price will leap at least up to 4800 satoshi, giving rise to a profit of 20% that could be realized in a few hours.

Weekly forecast

My forecast for this week is bullish regarding EOS; technical analysis shows us for some weeks now a convergence of bullish signals that we cannot help considering. Only time will tell us how things will go, for now, therefore, there is nothing else to say except to give us an appointment next Sunday to check together if this analysis has proved to be correct.

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