EOS is following the trend of BTC. The price went up and that will probably continue if BTC is going bullish. Traders need to be carefull in case profit takers will short the market. Target H: 6.5 L: 4.5
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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
