Have you never heard of EOStalk? It is a forum on top of the steem blockchain. Maybe you know eSteem, chainbb or busy, they are also platform on top of the steem blockchain. That means you can just put your privat posting key in there and you can use it as you would use steemit.
Every platform is a little bit different though and it is up to you which one is the best for you. There are couple of adjustments and upgrades in the EOStalk forum that make it pretty good for the minnows - it can offer the voting slider even if you don't have 500SP and many more!
WhaleShares community also do hold a contest here. It is about making every week a good technical (and you can also add fundamental) analysis and be close as possible to the price of EOS next week. Prizes are in WhaleShare tokens that you can use to summon a whale that will upvote whatever you want. 1 WhaleShare is 1% upvote!
Join the WhaleShares discord for more information
https://discord.gg/zsdWYQX
The contest is here. As there is just a few days left you have much higher chance to get the price right and win!
@jphenderson/eostalk-io-market-analysis-contest-2
I have joined the latest eostalk market analysis contest too. If you would like to know how the post should look like and what indicators I have used for my analysis, you can check that here.
@eirik/where-is-eos-heading
I would like to say that this is not an endorsement to make any trades based on this analysis and everything is just for fun. :)
FUNDAMENTAL ANALYSIS
However as I stated the previous week
If everything goes according to plan Bitcoin will not lose any value on August 1 and will go towards 4000$ thus every other coin will follow.
And the plan worked. Nothing much happened to cryptocurrency in general. It looks like the whole market is much more strong and it is not fragile as before. BTC-E exchange has been closed and it also did nothing with the price of Bitcoin. As everyone is selling their BCC it it showed on the prices of all cryptocurrencies. They are all going up.
EOS is still doing very well.
However the amounts of EOS on the market is increasing every day.
TECHNICAL ANALYSIS
It is really nice to know things like this, but it will not help you to win the contest! With fundamental analysis you know that EOS is bullish pretty much all the time, but where will the price be next week?
There is one big difference between this and previous week's analysis. Previously I couldn't use daily graph as there were not enough data yet for ichimoku to work. However we can see that that tenkan-sen is above kijun-sen which on daily graph is good indication that the market is bullish. We are still missing the ichimoku cloud, but it's a good start anyway. :)
4H graph
The price is very stable, the moves are lesss strong and the price and is staying in the structure. This market is best for scalpers and worst for day and trend traders. Many people are trading based on trend, but there is none right now. The price has to push through the structure for more information - up or down. We can also see that the price is in the cloud which indicates turbulence - no one is sure what the price will do next. The cloud twist on the 4H graph could indicate downtrend, but because the market is trading in the structure it is not worth checking out.
3H graph
This is how the structure looks on 3H graph. We can see that the cloud twisted again to the bullish side with previous two candles looking like doji candles. On the 3H graph the market is also above the cloud.
The previous week was much more volatile than this week. Does that mean that the next week will be even less volatile? It is very had to say.
This is my prediction for the next week based on the 4H graph.
My guess is 1,97$
And what do you think? Make your own post on the EOStalk forums (eostalk.io) and join the contest! :)
Thank you!
My previous post:
@eirik/medblock-logo-contest-entry
@eirik/steemits-got-talent-thumbnail-creation-entry
