- Eos crypto bullish momentum CMP near the strong rejection or supply zone and volume active over the monthly chart is lower.
- The coin at the monthly time frame is trading above all daily moving averages of 20, 50, 100, and 200-day lines while taking support of 100 and 200-DMA lines.
- The pair of EOS/BTC is trading on a slightly bearish note at 0.0001094 BTC with an intraday loss of -1.74%, and the ratio of EOS/ETH is CMP at 0.001649 ETH with a 24-hour change of -1.47%.
Eos crypto CMP is near the supply zone at the monthly chart, with the lower volume activity recorded below average. After projecting a robust bullish momentum, the coin witnessed a minor pullback from the higher side. At the same time, the coin regains support from the moving averages of 100 and 200-day lines, which is acting as the primary support line.
The crypto asset is trying to hold its major moving averages of 20, 50, 100, and 200-day lines, favoring bulls in upcoming trading sessions. Moreover, the volume over the chart is lower and needs to improve in the forthcoming trading sessions. If the coin manages to sustain above 100 and 200-day lines, we can soon see a breakout of the supply zone. Support on the downside is $4.68 and $4.00, whereas resistance on the higher side is $6.00 and $6.75.
EOS crypto at the 4-hour time frame trading on a bullish note
EOS crypto at the 4-hour time frame trading on a bullish note after a minor correction from the higher levels. In comparison, the coin is trading higher and heading towards the overbought zone with near-average volume activity. Volume needs to improve for another lap of bullish momentum at the 4-hour time frame. Presently, the EOS coin is trading at $5.63 with a minor intraday gain of +3.96%, and the volume to market cap ratio is at 0.2427.
Relative Strength Index (NEUTRAL): EOS crypto RSI presently indicates a little flat or sideways trend over the weekly chart. In contrast, the RSI is trading flat after testing the overbought zone and now CMP at 60.
Moving Average Convergence Divergence (NEUTRAL): This currently indicates a mixed trend on the daily chart but at the same time: the seller’s line (orange) and the buyer’s signal line (blue) overlap.
Support levels: $4.68 and $4.00
Resistance levels: $6.00 and $6.75.