EOS is doing better compare to most other cryptos at this moment. The possibility to go bullish seems high but of course no altcoin would be able to defeat BTC if it goes extremely bearish. Estimated range L: 6 H: 8
NOTES:
Theory:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
