Eos as slow as ever
Eos really doesn't have the pump potential to get over the 6 dollar mark at the moment as it is currently does not have enough buying pressure to sustain it through a bullish channel, it has few big investors that actually wish for it to succeed and sort of use it as a long term scalping tool,therefore its volalitlity is actually rather low, and its possibility for big gains are small in the short term,
but over a 1-2year period this project will eventually establish itself as one of the strongest cryptocurrencies on the market and its true investors will reap the rewards of buying in at such a small price.aka from 2.50-3.0 region
for short term the price will eventually gain enough momentuem within 6 months to get over the 6 dollar hurdle and will possiblly be bought it later this year by bigger centralized oreintated companies which could yield some pump potential.
as for technicals macd is going to form a golden cross -which will get it back in the bullish channel and above a rising support
Support has been steadily building around the 3.0 mark
tested the bottom of the bullish channel and bounced but with not much conviciton indicating sideways action but more realistically downwards momentum
but over a 1-2year period this project will eventually establish itself as one of the strongest cryptocurrencies on the market and its true investors will reap the rewards of buying in at such a small price.aka from 2.50-3.0 region
for short term the price will eventually gain enough momentuem within 6 months to get over the 6 dollar hurdle and will possiblly be bought it later this year by bigger centralized oreintated companies which could yield some pump potential.
as for technicals macd is going to form a golden cross -which will get it back in the bullish channel and above a rising support
Support has been steadily building around the 3.0 mark
tested the bottom of the bullish channel and bounced but with not much conviciton indicating sideways action but more realistically downwards momentum
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