- EOS coin chart setup getting weaker, as the crypto asset is trading on bearish note-making lower highs and lower lows sequence.
- The crypto asset at the monthly chart fails to hold its vital moving averages of 20, 50, 100, and 200-Day lines.
- The pair of EOS/BTC is trading at 0.00009768 BTC with a 24-hour change of -2.05%, and the ratio of EOS/ETH is CMP at 0.001386 ETH with an intraday drop of -2.84%.
EOS coin over the monthly chart is looking bearish and plunges below all major DMA lines. Whereas, the crypto asset is also trading below all vital moving averages of 20, 50, 100, and 200-day lines, with average volume action. The short-term and the long-term moving averages are coming closer to each other and heading for a bearish crossover.
If the token remains below all vital DMA lines, with no sign of reversal in upcoming sessions will favor bears. The bulls may come into action if the EOS regains its moving averages of 100 and 200-Days with supportive volume. Volume at the monthly chart is near the average line, which needs to grow for a strong reversal or bounceback. Support on the lower side is $3.85 and $3.45, whereas resistance on the higher side is $4.94 and $5.55.
EOS coin at the weekly chart is trading under Bear’s grip
EOS coin at the weekly chart is trading under Bear’s grip, with no sign of strong reversal as of now. The crypto asset is CMP near the oversold zone, with no sign of strength, and volume activity is also lower. Currently, the coin is placed under the oversold zone and the technical parameters are looking flat. EOS coin is trading at $4.19 with an intraday action of -4.38%, and the volume to market cap ratio is at 0.4426.
Relative Strength Index (OVERSOLD): EOS coin RSI is trading under the oversold zone over the weekly chart. In contrast, the RSI is trying to rebound after a sharp fall from the higher side, and a minor pullback is expected, CMP at 27.
Moving Average Convergence Divergence (BEARISH): The daily chart indicates a bearish trend at the 4-hour time frame. The buyer’s signal line (green) heading towards the seller’s line (red).
Support levels: $3.85 and $3.45
Resistance levels: $4.94 and $5.55.