- The trading volume of EOS coins in the last 24hr at the time of writing this article is +35%
- The price of EOS/BTC and EOS/ETH at the time of writing this article is 0.00008845 BTC and 0.001382 ETH
- 20MA heading towards the 50MA
LONG TERM VIEW:-
In the daily time interval, we can see there is a change in the people’s sentiment as we can see that the moving average has started changing its direction towards a bullish trend. The technical indicator shows the same story as the MACD shows a green histogram as the MACD line is above the signal line, and there is no sign that the lines will change their direction anytime soon.
In addition to that, we can see the RSI is in the neutral zone near 57, and the RSI line is pointing towards the oversold area of 30, meaning the bears are winning the fight against the bulls and driving the price down. Lastly, we can see the 100MA,50MA,20MA heading towards the 200MA, which shows the change in the people’s sentiment.
SHORT TERM VIEW:-
In the 4hr time interval, we can see the MACD line is changing its direction and will cross the Signal line soon in a bearish trend. As of now, the MACD is showing a green histogram and is above the Signal line. Moreover, the RSI is in the neutral zone near 61 and is pointing sideways, meaning the bulls and bears are giving their best to influence the price. Lastly, we can see the Moving average as the 20MA,50MA,100MA is below the 200MA as a bearish sign.
CONCLUSION:-
Looking at the long term and short term view, we can see the bullish trend in a long time and bearish in the short term as the price is going to fall as of now because, after the bullish run, there will come a period of consolidation as the price is dropping. Still, the bulls are not ready to give up the fight as they are also pressuring the price, but this consolidation period will also end as the bull or bear will break the support or resistance, which will make the trend.
RESISTANCE:-$5.19,$5.50
SUPPORT:-$4.67,$4.34