aboveandphom

EOS Daily Dose 3/14/19

EOS is in tight predicament. EMA1 and EMA2 are about to converge or diverge. If they continue to diverge then EOS’s price action will be bullish but it is too hard to tell right now. This does look like a re-accumulation phase as well. As the price converges into the apex of its triangle, there should be an increase in volatility very soon. There is heavy resistance at $4.00 but decent support at $3.45. The sentiment is more bullish than bearish for me though. However, I am going to wait until we make a new high or low before I consider trading EOS.
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