Eos has been performing quite well this past week. In the last update I did on Eos, the price was breaking down from the 62658 support.
My prediction in the picture above from the last update was accurate, since the price in fact did bottom out at the next support level, at 55297, at the same time that Bitcoin bottomed at 7300.
Also, my thoughts on the confirmation are still necessary in my opinion. We have finally broke above both EMAs, but if you take a look at the chart, 80000 sats is an area of heavy resistance. Therefore, a breakout above this area would confirm the bullish uptrend.
This depends on Bitcoin as well, if Bitcoin starts to run above the 9000 lets say to 9500, I think this breakout for Eos will most likely take place.
Monero is one of those oddball altcoins that doesn't follow the same pattern/trend as Bitcoin. The only aspect of the chart that has changed for this coin is the fact that it has triple bottomed at the 2390190 support I drew in last update.
Again, my confirmation thoughts are the same. We need to break over the 200 EMA at the 2800000 resistance level for confirmation of a breakout and a bullish uptrend.
There is a lot of resistance at 2800000 and the RSI should be overbought, so in my opinion if you're trying to go for a swing-trade from now till then make sure to lock in profits, since there is a good chance we may see a pullback at that level. Same thing goes for Eos, the RSI is getting close to overbought as well at 80000.
Disclaimer: (I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.)
