Hello guys I'm starting a weekly analysis on the top 10 marketcap cryptocurrencies. Here is for EOSBTC.
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.