EOS Mega Bull Run (What happens next?)

2 Hours - 1 Day - 1 Week (Charts)

EOS Is obviously going up strong. Another young chart, data available only from 10th October 2017, so not much can really be analyzed.

Before I even get started, anything can happen here. EOS can shoot up and keep on going up hard, as it can start to go down. I will tell you what the charts are telling me at the moment of this writing, based on charts formation, candlestick reading, general knowledge, indicators signals and more.

Now, after reaching a new all time high on Binance @ 0.001333 on the 13 January, a retraced happened for the classic 7 days and then another run.

Where do we stand now?
What is going to happen next?

These are the very hard questions that I will try to answer with my analysis now.

>>> Let's take a look at the charts...

- The daily chart shows that EOS has been on a very strong bull run. This run started late October and has been going on since. (Please note that the bull run started in October and it has been going on for months. This is a normal bull run, so when you see I post a trade idea, it can start now, and maybe look shy but it can go on for months).

- The candles are bullish. The chart is bullish and all of the indicators are bullish.

- The last all time high needs to be retested, that's EOS next plan, it tried today but failed by 1%.

- The retrace started after the RSI entered overbought on the daily chart. So look for this signal once the next run up happens. This can help you sell near the top.

- Since we are already challenging the all time high, the price can go down anytime right? Well, yes but not according to the charts.

>>> Comments and notes

The 1h, 2h and 4h charts are all looking strong. What these charts are telling me is that EOS is on a period of

consolidation / accumulation to try the next run up. Once this run is over, new signals will tell us what is to come.

Note: There is still a big chance that EOS can come crashing down. Just like when a coin is at the bottom, you get plenty of room to grow up. When a coin is near the top, even though more upward action can happen, you still have plenty of room to go down. Specially when you are looking at over 1500% growth in a few months.

Note #2: The daily chart can change pretty fast. Just 1-2 days of negative action can change all the indicators, please remember that this is a short term analysis. All these indicators can change, like the MACD and RSI and we would be looking at a completely different picture, so please consider the notes below before trading to reduce your risks.

>>> Trading notes

* If you are already long on this trade secure some profits. As much as you want.

* If you want to buy in, you can do so by using a very tight stop loss. If the stop loss gets activated, watch from the sidelines, do not buy in again until a strong support is found.

* You can also buy in after the last all time high is broken with a short target and a tight stop loss.

* This is a chart analysis. This is not a trade suggestion. Trading this coin can be very risky. Please trade at your own risk.

Thanks a lot for reading.

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This analysis won't be updated (I won't be available on my comptuer). I hope you enjoyed it.

Thanks for your continued support

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EOS/BTC (Binance) Update ***

Daily chart:

- On the daily chart EOS is looking bearish. All indicators are showing bearish signals.

- EOS is looking for support, the search continues. Earlier support was found on the 6th February @ 0.00095757, this level is being tested again right now. If this level holds, it can go sideways and accumulate to test resistance levels again (up). If it breaks, the decline continues.

- The 4h chart is also bearish and as well as the weekly chart.

There are still no early signs of reversal.

If support level is broken, expect the next support to be around the 0.00090000 level and the next one, if that one is broken, around the 0.00081600 level.

That's all... I appreciate your support.

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