- EOS started its downtrend after facing the strong rejection from the level of $3.84, makes the rounding bottom pattern and heading towards the lower levels
- The pair of EOS/BTC drops by -6.62% currently trading at the level of 0.00016693 BTC
The monthly chart of EOS makes the rounding bottom pattern and faced strong resistance at $3.84 and is now heading towards the support levels on the downside. The coin is currently trading at the price level of $2.80 with the intraday loss of -8.93%. The volume traded in the last 24-hours of $5,095,873,286 and while the total market capitalization stands at $2,631,264,179.
The coin finds support at the lower levels of $2.50 and the major support is placed at $2.27, meanwhile, the resistance at the higher levels is at $3.84 and $5.50 over the long term chart.
Analyzing the daily chart over the 1-hour time frame is trading near the crucial area heading to make the double bottom pattern retesting the level of $2.75. The coin over the technical chart looking week and bears have made grip over EOS. The support for the short terms is placed at $2.75 and $2.55, however, on the higher level the resistance is placed at $3.00 and $3.75 will act as the strong resistance.
The Relative Strength Index (RSI) after testing the oversold zone it recovered pulled the coin upward, however, it is trading flat near the 41.36 which is near the oversold zone.
Directional Movement Index (DMI) is trading parallel over +DI and -DI indicating no clear momentum.
Moving Average Convergence Divergence (MACD) is heading for a negative crossover as suppressing the Bear’s line (red) by Bull’s line (blue) indicating the negative trend in the coming trading session.
Resistance level: $3.00 and $3.75
Support level: $2.75 and $2.55.