- EOS also participated in the bull run of Altcoins as moved from $2.27 to new 52-week high of $3.48, currently trading at $3.02 with minor loss of -0.18%
- The pair of EOS/BTC is standing at 0.00016401 BTC with intraday loss of -2.07%
EOS gives bullish price action as moved from the low of $2.27 and creates a new 52-week high of $3.48 after it gave the positive crossover to the 50-Day Moving Average by the 9,21-DMA, indicating the bullish momentum after testing the 52-week high the profit booking pulls the price level down.
The bullish patterns are formed over 4-hours candlestick chart is confirmation form the double bottom pattern after testing the level of $2.75 twice over the monthly chart
Another pattern observed over the chart is of rising channel pattern supported by the positive crossover of 9-DMA over 21-DMA. However, for more conformation, the price candle must close above 50-DMA ($3.14). The resistance on the higher side is placed at $3.84 and $3.95 while on the lower side support is placed at $2.59 and $2.28.
Over the daily chart, EOS gives a positive breakout from the double bottom pattern. The coin is in bullish momentum as trading in an uptrend with taking support from the rising support line and bouncing from the rising support line.
The support lies on the downside is placed at $2.94 and $2.73, while on the higher side the resistance is placed at $3.37 and $3.84. The volume recorded in the last 24-hours $3,514,204,050 while the total market capitalization stands at $2,839,172,277 and over the weekly chart, it slipped over -5.52%.
The Relative Strength Index (RSI) is trading flat with no major movement and its heading towards the overbought zone currently trading towards 54.90.
Directional Movement Index (DMI) indicates positive momentum as the +DI line is running parallel to the ADX line, support positive momentum.
Moving Average Convergence Divergence (MACD) is not indicating the clear momentum, with the major significance of Bear’s line (red) over Bull’s line (blue).
Support levels:$2.59 and $2.28
Resistance levels: $3.84 and $3.95