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 moving very strongly from support lately. It has broken below the critical area of support yet is currently moving back above it and gaining back strength. This strength can be seen in the price currently reclaiming previous levels, especially with a substantial volume.
Looking at technical indicators, such as the MKAST Algorithm, one can identify an ongoing sell-condition that is about to change since the price is already moving above the LenLen Ribbon and gaining momentum. Furthermore, the MKAST Index is rising strongly and showing 10/15 points, which is very strong and still has over 50% room to grow. There is still a chance worth mentioning that TOMO might retrace just a tiny bit to touch the Ribbon again before the next impulsive move up.
EOS has been moving just slightly and somewhat impressively lately. It got rejected at the key-area of resistance, and since then, it has not been able to recover and start any further impulsive moves.
Looking at technical indicators such as the MKAST Algorithm, one can see the ongoing sell-condition, which is understandable since the price has not seen any sudden or bullish movements. EOS is also moving below the LenLen Ribbon, an inherently bearish sign and not supporting a bullish scenario. Looking at the MKAST Index, one can directly see a down-trending index and that it is moving below its ALMA at 4/15 points, which still has room for further downside towards the key-area of support.
Like EOS, TRX has been moving very slightly lately as well and not showing any strength currently. The price of TRX is trapped inside a very tight range and has not been transferred outside of this range for months. The somewhat disappointing price action can be seen on the MKAST Algorithm, which shows an ongoing sell-condition and has no signs of a reversal here.
Furthermore, the MKAST Index is moving down slowly and showing an increasing loss of strength. TRX needs a soon move to the upside. Otherwise, it will be suffering further downside.
TOMO is leading the race with the highest bullishness and the most significant opportunity for experienced traders. Following behind is EOS, which is still moving slowly yet unable to break above resistance and needs to hold the key-area of support. Finally, TRX has been moving in a very disappointing manner and has to come up with some kind of solution. Otherwise, it will find itself in a too dangerous position and risky position.
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