Technical Analysis on EOS: Ready to Move by workin2005

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· @workin2005 ·
$5.49
Technical Analysis on EOS: Ready to Move
![Analysis logo.png](https://cdn.steemitimages.com/DQmbr6sL1CCknNr63LcQhWD4G9CE1R6p5iKrebioH73BGUj/Analysis%20logo.png)
### EOS has been consolidating right on top of the $6.90-$6.60 demand zone. Price is being squeezed within a small wedge. 
![Screen Shot 2018-08-05 at 5.12.47 PM.png](https://cdn.steemitimages.com/DQmPq5C7jSG459vWQJdjf1h3EcrWQaqkaDgHCvAQg9VjfXF/Screen%20Shot%202018-08-05%20at%205.12.47%20PM.png)
### Looking at the 1 hour RSI, we can see it’s also being squeezed with a wedge. 
![Screen Shot 2018-08-05 at 5.14.21 PM.png](https://cdn.steemitimages.com/DQmbTtKALJKDRrh2DcMx9HLivQCKvEjj2UGefFGbUF5fStw/Screen%20Shot%202018-08-05%20at%205.14.21%20PM.png)
### Zooming out on the 4 hour chart, we can see the Bollinger bands are starting to bottleneck. The 8 and 21 day EMA (blue and yellow line) are converging with each other. 
![Screen Shot 2018-08-05 at 5.16.35 PM.png](https://cdn.steemitimages.com/DQmW7Qdmu8cA4WyUHhDX1FsRpCPZwSZUCgCg1XGGCKm5S7M/Screen%20Shot%202018-08-05%20at%205.16.35%20PM.png)
### This all suggests a larger move may be coming. In todays video analysis, I discuss where price might be heading in the short term. I also tell you trade setups I’m waiting for as well as possible traps to avoid. If you’re not watching my videos, you’re only getting a small part of the story. 
## Video Analysis:
https://youtu.be/iC4ChH7wKBc
#### *If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or https://mentormarket.io/profile/@workin2005?aff_id=Workin2005 in order to watch.*
### BIAS:
**Short Term: Slightly Bearish**
**Longterm: Bullish**

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!**
### *Workin*
## **If you found this post informative, please:**
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---
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vote details (181)
@toofasteddie ·
$0.02
Everything depends on BTC right now...depending on its next move, altcoins, including EOS will do consequently...
Nonetheless, if any has more chances to move upwards than others that is EOS surely.
Good post
👍  ,
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@workin2005 · (edited)
Yeah....it always depends on BTC. Hopefully that won't be the case in the next few months.
👍  
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@kp33 ·
I honestly think eos will be second in market cap behind bitcoin by next year.
👍  
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@workin2005 ·
Certainly possible.
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@anotherjoe ·
Looking forward to the bottom being behind us....
no double entendre intended.
There neither. :P
👍  
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@workin2005 ·
$0.02
Me too Joe. lol
👍  
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@balu1008 ·
Nice one
👍  
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@workin2005 ·
Thanks @balu1008
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@online87700 ·
Bro i trade only Bitcoin , but always der has been confusion of entry point , as you are with technical analysis, kindly help with TA or some Bot through which we can trade BTC
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@workin2005 · (edited)
Not sure I understand. If you're asking me to provide TA on Bitcoin, I do that about 5-6 days per week right here on Steemit and TIMM....https://mentormarket.io/profile/@workin2005?aff_id=Workin2005
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