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EOS Price Analysis: Long the token in coming hours as there are chances of price to sink to $4.40-$4.30

  • EOS presently is not worthy for its holders.
  • The token has shown the pattern of a bullish doji star.
  • The RSI oscillator for EOS shows the OVERSOLD action.

The last known price of the token, EOS, is $4.6400 and is low by 12.42% over the last 24 hours. It has the current trading volume(s) of 1,771,886,018 with a low of 4.03% over the last 24 hours. EOS has total addresses of 18,656 with the active address(es) of 464,640 in the last 24 hours. It has a circulating supply of 958,517,091 EOS coins and the max. supply is not available.

The chart above shows the movement of EOS where 200 DMA has been running below it and even DMA-50 is below it in a four hours time frame. We see the token with respect to SMA’s which are 20, 50 and 200 and it is SMA-20 which is ahead of both the SMA’s, one (SMA-200) SMA and also above the other (SMA-50). We see a sidewards pattern here. The trend line marked shows this sidewards shifting from mid of August. Earlier, when SMA-20 crossed the other two sma’s we saw returns of nearly 15% on an average.

Presently, the SMA-20 has been moving ahead of the other two SMA but the candles are sinking and it seems that the candle might settle at $4.35. Its top 10 and 20 holders have more than 60% holdings and top 50 and 100 have more than 50% which makes the decent supply side of the coin(Assumption).

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 24.307 and marks the oversold action. MA-5, MA-50 and MA-200 show the sell action. MA-10 and MA-20 show the same sell action. However, the EOS at present is all set to sell and buy the token when it touches the $4.40-4.30 zone.

The bull/bear power has the value of -0.5530 and shows the sell action. The high/low marks the sell action with the value of -0.2653.

The EOS-BTC pair is trailing at the level of 0.0001014 and the loss of 8.38% was seen whereas the EOS-ETH pair is trailing at the level of 0.00145 and the loss of 6.34% was seen in the last 24 hours. The volume/market cap of the token is 0.3988 and its market dominance is 0.22%.

Conclusion: The days range for the coin is 4.5500-5.3040 and presently is at 4.6150. The 24 hours high and low of the coin is 5.31 and 4.58 respectively. If one wants to enter the coin then long in the coming one day as there are possibilities that coin would sink more.

Technical Instruments:

Pivot: 4.7007

R-1: 4.7790

R-2: 4.8274

S-1: 4.6224

S-2: 4.5740

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour
Categories: News
Rajat Arya: Rajat is an MBA graduate specialized in finance who is a motivated self-starter, highly organized, and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. His primary focus is on cryptocurrency price analysis and industry news coverage.