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Hello,
Today I am not working because it is a public holiday, I take this opportunity to take a look at EOS and the Bear VS Bull battle is interesting using the RSI indicator :
As we can see in the previous screenshots, EOS is bullish in Weekly, but a bearish divergence may appear on EOS/USD at the end of the week. On the other hand, there is still a lot of time before the weekly close and a invalidation of this divergence is very likely, and if so, EOS has a good chance of continuing its uptrend.
Now let's see the charts in Daily :
In Daily, EOS has already made a trend reversal on the EOS/USD pair with a bullish divergence that could invalidate if EOS drops below $ 9.24, and a possible hidden bullish divergence could form on the EOS/BTC pair.
I can't say for sure what will happen but I hope you enjoyed this Bear VS Bull battle on EOS using the RSI indicator.
Following the development of EOS in the hours and days to come should be interesting to eventually take a trading position.
Who will win the Bears or the Bulls ?
This is not investment advice. And the possibility that I'm wrong is also to be taken into account.
The crypto market is young, volatility is high, do your own research and measure the risks before making a decision.
Thanks for reading my post and happy earnings :)
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