____  ___    _  _     _   _ _____     _______
 / ___|/ _ \  | || |   | | | |_ _\ \   / / ____|
| |  _| | | | | || |_  | |_| || | \ \ / /|  _|
| |_| | |_| | |__   _| |  _  || |  \ V / | |___
 \____|\___/     |_|   |_| |_|___|  \_/  |_____|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

(4/3/18) EOSBTC - Congestion

BY: @pawnuts | CREATED: April 4, 2018, 2:39 a.m. | VOTES: 6 | PAYOUT: $0.03 | [ VOTE ]

A horizontal count from the previous congestion yielded a projection to 0.00076 that has not been met.

[IMAGE: https://steemitimages.com/DQmemB3KHXex5GjjBkuHSWQe3HpVPPkiVCBXb8dXShHuphd/image.png]

EOS has congested between 0.000792 and 0.000832. Resistance seems to be stronger than support.

A bigger picture:

[IMAGE: https://steemitimages.com/DQmWi9BZphxsLsnMpiUdtmLL88n23n7AY6SZSiU9epdMTeP/image.png]

We can see over the past month EOS has been generally moving in an upward trend making higher highs at the termination of each upward leg.

I think EOS will move down from here to the lower trend line before turning up to test new highs. With good news coming out very soon for EOS I hope to see strong technical indications for a breakout. Overall I am optimistic about this crypto.

TAGS: [ #cryptocurrency ] [ #eos ] [ #trade ] [ #analysis ]

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