Connect with us

EOS

EOS Technical Analysis: EOS/USD is on the rise

EOS/USD Daily Chart

  • EOS/USD went up from $6.43 to 6.71 in the early hours of Thursday.
  • The market has had a bullish breakout from a triangle formation.
  • The SMA 20 curve converged with the SMA 50 curve but then instantly diverged away, which is a bullish sign.
  • The relative strength index (RSI) indicator has crept into the overbought territory.

EOS/USD 4-Hour Chart

  • The widening of the 20-day Bollinger band shows increasing market volatility.
  • The MACD indicator shows continued bullish momentum.
  • The latest session has crept outside the upper curve of the Bollinger band.
  • Nearest resistance lies at $6.75.

EOS/USD Hourly Chart

  • The hourly EOS/USD chart shows a head and shoulders pattern as indicated by the rectangles.
  • The Ichimoku indicator shows the possibility of a near-term bearish correction.
  • The Elliot Oscillator has had three consecutive bullish sessions.

Key Levels

EOS/USD

OVERVIEW
Today last price6.5394
Today Daily Change0.05020
Today Daily Change %0.77
Today daily open6.4892
TRENDS
Daily SMA205.19192
Daily SMA505.15905
Daily SMA1004.30155
Daily SMA2003.79262
LEVELS
Previous Daily High6.5
Previous Daily Low5.9416
Previous Weekly High5.3316
Previous Weekly Low4.6113
Previous Monthly High6.0726
Previous Monthly Low4.2
Daily Fibonacci 38.2%6.28669
Daily Fibonacci 61.8%6.15491
Daily Pivot Point S16.12053
Daily Pivot Point S25.75187
Daily Pivot Point S35.56213
Daily Pivot Point R16.67893
Daily Pivot Point R26.86867
Daily Pivot Point R37.23733

-News Source

EOS

EOS Daily Tech Analysis – 17/02/20

EOS

EOS slid by 7.68% on Sunday. Following on from an 11.38% tumble on Saturday, EOS ended the day at $4.3850.

A bullish start to the day saw EOS rise to an early morning intraday high $4.8500 before hitting reverse.

Falling short of the first major resistance level at $5.2561, EOS slid to a late afternoon intraday low $4.0500.

EOS fell through the first major support level at $4.3749 before recovering to $4.38 levels late in the day.

At the time of writing, EOS was down by 4.66% to $4.1807. A bearish start to the day saw EOS fall from an early morning high $4.4002 to a low $4.1230.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move through to $4.43 levels to support a run at the first major resistance level at $4.8067.

Support from the broader market would be needed, however, for EOS to break out from the early morning high $4.4002.

Barring a broad-based crypto rebound, resistance at $4.50 levels would likely leave EOS short of the first major resistance level.

Failure to move through to $4.43 levels could see EOS struggle throughout the day.

A fall back through the morning low $4.1230 would bring the first major support level at $4.0067 into play.

Barring an extended crypto sell-off, however, EOS should steer of sub-$4.00 levels.

Looking at the Technical Indicators

Major Support Level: $4.0067

Major Resistance Level: $4.8067

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

News source

Continue Reading

EOS

EOS Daily Tech Analysis – 15/02/20

EOS

EOS rose by 0.08% on Friday. Following on from a 0.42% gain on Thursday, EOS ended the day at $5.3600.

A choppy start to the day saw EOS rise to an early morning intraday high $5.4234 before hitting reverse.

Falling short of the first major resistance level at $5.5044, EOS slid to a mid-morning intraday low $5.2173.

Steering clear of the first major support level at $5.1883, EOS recovered to $5.38 levels before easing back to an afternoon low $5.2760.

Finding support late on recovered to $5.30 levels to close out the day in the green.

At the time of writing, EOS was down by 1.64% to $5.2723. A mixed start to the day saw EOS rise to an early morning high $5.3872 before sliding to a low $5.2265.

Falling short of the major resistance levels, EOS fell through the first major support level at $5.2437 early on.

For the day ahead

EOS would need to move back through to $5.33 levels to support a run at the first major resistance level at $5.4498.

Support from the broader market would be needed, however, for EOS to break out from Friday’s high $5.4234.

Barring a broad-based crypto rebound, the first major resistance level at $5.4498 and Friday’s high would likely limit the upside on the day.

Failure to move back through to $5.33 levels could see EOS fall deeper into the red.

A fall back through the first major support level at $5.2437 would bring sub-$5.20 levels into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of the second major support level at $5.1275.

Looking at the Technical Indicators

Major Support Level: $5.2437

Major Resistance Level: $5.4498

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

News Source

Continue Reading

EOS

EOS Price Analysis: EOS/USD bulls and bears lock each other down as price settles around $5.30

  • The $5.37 resistance level seems to have stopped any upward movement.
  • The RSI indicator is trending around 83.33 inside the overbought zone.

EOS/USD daily chart

EOS/USD daily chart

Over the last three days, EOS/USD has been trending horizontally around the $5.30-mark as the bulls and bears have locked each other down. The $5.37 resistance line is holding the price down and will need to be overcome to enter the $5.50-zone. The MACD indicator shows decreasing bullish momentum, while the Elliott Oscillator has had a red session follow nine straight green sessions. The RSI indicator is trending around 83.33 inside the overbought zone, which shows that further price correction may be round the corner. The bulls will need to protect the $5.15 support line to prevent any further downward movement. 

News :source.

Continue Reading
Open

Close