Posted on Leave a comment

EOS 4 hour timeframe analysis

The 4 hour time frame of Eosio is presented in this analysis.


April 29, 2018 marks the origin of a bearish channel that terminated, with the current pattern identified as a symmetrical triangle that has been in place since August 13, 2018.

The latter chart pattern suggests a stalemate between the supply and demand for Eosio. A breakout to the downside implies a resumption of the current downtrend, while the triangle could also signal a change in the overall trend from bearish to sideways or uptrend at best.

Interested in Bitcoin analysis? Check out our previous work here. Moreover,  GBP CHF (FX) analysis can be found here.

Sign up now  for full access to our premium research and analysis to learn more about Eosio (EOSUSD) analysis, updates, other cryptocurrencies, and Foreign Exchange (FX) pairs.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.