- The trading volume of EOS Coin in the last 24hr at the time of writing this article is +49
- The price of EOS/BTC and EOS/ETH at the time of writing this article is 0.00007182 BTC and 0.0009952 ETH, respectively
- 100MA is acting as a resistance, and the price is unable to break it.
Long term view:-
Looking at the daily chart time interval, we can see the price is unable to break the 100MA resistance and taking support on the 50MA and for now, the price is near the resistance, so let’s have a look at the technical analysis to see if the price will break the resistance, or the price will go to the support. First, the MACD has started showing the green histograms as the MACD line is crossing the signal line, which is a buy signal for the bulls, so now we can expect a decent volume from the bulls. In addition to that, we can see the RSI, which is in the neutral zone near 54, and the RSI line is pointing towards the overbought zone of 70, which means the Bulls are winning the fight against the bears. Lastly, we can see the Moving average as the 20MA is below the 100MA and above the 50MA, Also the 50MA is below the 100MA and 20MA, which is a bearish sign.
Short term view:-
In the 4hr time interval, we can see the price is above the 100MA, which was acting as a resistance, and the 20MA has started to change its direction and is now heading towards the 50MA. The MACD shows green histograms as the MACD line is above the signal line, and there is no sign that the line will soon change its direction. In addition to that, we can see the RSI, which is in the neutral zone of 65, and the RSI line is pointing towards the overbought zone of 70, which means the bulls are winning the fight against the bears in the order book. Lastly, the Moving average as the 50MA is below the 100MA and above the 20MA, but the 20MA is below the 100MA and 50MA also changing direction if able to cross the 50MA, then a bullish sign.
Conclusion:-
Looking at both the long term and short term, we can see the price is near the resistance of 100MA and will soon break a bullish trend in the 4hr time interval and the crossing of MACD in the daily charts making a buy signal for the bulls. So we can expect a bullish move in the upcoming days
Resistance:- $5.092.$5.470
Support:- $4.435,$4.129