EOS
Long

EOSUSD expected to see an uptrend(1D) | Higher lows observed

Market in last 1 week
  • EOSUSD saw a slight downtrend with price getting lower band support to consolidate
  • Price volatility was very high. The market moved ~12.41%, between $2.68 and $2.39

Today’s Trend analysis
  • EOSUSD expected to see a slight uptrend as the price got support from lower band with higher lows being observed
  • Price at time of publishing: $2.585
  • EOS’s market cap: $2.42 Billion
  • Oscillator indicators are mostly neutral. RSI at 41
  • Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull Moving Average indiacting a buying opportunity
  • Volume indicators saw a similar value for blue candles while relatively high values for red candles with the value being less than 20-candle moving average

Price expected to see a slight uptrend as the price got support from lower band with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line crossed above signal line with the histogram changing its direction from negative to positive, suggesting bullish bias. RSI at 41, in the neutral region below the midline. CCI is around -57, in the neutral region. Another interesting point to notice here is that the volume indicators saw a similar value for blue candles while relatively high values for red candles suggesting a slight strong selling pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.

DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .

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- Mudrex
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