EOS had a sentiment reversal on 11th January and jumped by 60% since then in around two days
We track millions of social media posts and use machine learning to determine sentiment for 200+ of cryptocurrencies in real-time. Below is real-time sentiment of tweets mentioning EOS over the last period. We often look for any extremes in hourly sentiment because often sentiment is ahead of price. As you can see the hourly sentiment of EOS made a major sentiment reversal on 11th January, 4am UTC time. As we have already posted in other such cases in the past this means a major bullish signal and indeed EOS has rallied since then for a gain of around 60% in around two days.
Note also (see picture below) that at around same time there was also a spike in tweets mentions of EOS which is another confirming indicator.
Tweets mentions and sentiment are often ahead of the price and you can start using sentiment and tweets mentions data like this to improve your cryptocurrency trading by using our platform www.bittsanalytics.com.
BittsAnalytics is an advanced data and analytics platform for cryptocurrencies.Learn more
- Bitcoin Cash
- Market Sentiment Indicator
- Real-Time Analytics
- Relative Strategies