We will be conducting a macro analysis between the three competitors TOMO, EOS, and TRX while analyzing their technical status and comparing all three together in the end.
TOMO has been making awe-inspiring moves lately and has shown signs of strength at the key-area of support. The current market structure is a falling wedge, which is slightly divergent and could easily see a breakout soon. After the strong downtrend and reversal of the entire pump on TOMO, it has retraced into the previous key-area of support. It now has the chance, not only in a rapid bounce but in a healthy and already consolidated bounce, to reach previous highs again. A breakout from the falling wedge structure is supported by the decreasing volume inside the structure and the bullish divergence, which can be seen in combination with the MKAST Index.
The MKAST Algorithm shows a bearish condition, which is entirely understandable and makes the falling wedge slightly less bullish. Nevertheless, the difference between the trading price and the MKAST LenLen Ribbon is quite big and indicates a soon-to-see re-test.
EOS has been moving slowly lately and not making any strong impulses. The only impulse there was an announcement, and after that, the trading on EOS has died off slowly. This slow grind to the downside can be seen as a bullish and illiquid re-test of moving support such as the MKAST LenLen Ribbon. On any bug cycle before the primary breakout, there has always been a slow and illiquid re-test.
Interestingly, the MKAST Algorithm shows a buy-condition, while the MKAST Index is at 1/15 points, which is unique and offers an oversold bullish condition. The combination of the two could be indicating a robust impulsive move soon, yet should it fail, it will most likely be retesting the main key-area of support.
TRX has been moving in a very tight range for weeks. This is a very dull and demotivating movement for all the investors. Nevertheless, even though the market was dumped yesterday, TRX was the only pair to pump and hold its ground strong. This is something aweinspiring and has caught the eye of many traders. This could be giving TRX the chance to break out of the range, re-test it as support and continue its journey to the upside.
Looking at the MKAST Algorithm, an exact bullish condition is still active from a week ago, which further confirms the possible breakout. Looking at the MKAST Index, a bullish cross is happening right now from a shallow point range, which once again supports the bullish narrative.
TOMO is leading the race while providing the most volatility and most significant opportunity for an experienced trader. The volatility is high, the moves are healthy and have high potential, as we have seen lately.
EOS is following TOMO with significantly less volatility and just random impulsive moves. It has the chance for a robust impulsive action soon, yet it does not see the community's strength and support as TOMO does.
Finally, TRX has been trapped inside a slowly moving and very tight range and has trouble getting out of it. When it pumps, it should see a strong move, but it might take another month until this happens.
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