EOS seemed to have followed the BTC trend. If it is gonna touch the 50MA then bearish trend will probably continue. Estimated range $12 ~ $14
NOTES:
This is not financial advice so please do your own diligent before investing
Never invest more than you can afford to lose
Technical Analysis is not pure science
Market is not something that can be predicted accurately because of the behaviors of investors
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
