EOS has been moving in a downtrend pattern since May, making lower lows. The coin brought significant gains to bearish investors in the second half of the year and a corresponding return to bullish investors in the first half of the year.
Although the coin peaked at $ 14.37 in the middle of the year, it is currently expanding at a similar position from which it was caused to escalate. EOS is moving in its crucial position at the current price of $ 3.13. Throughout the month, the coin moved sideways with isolated price movements. The coin has suppressed the July uptrend line and is moving in consolidated momentum.
On the one-day graph, the signal line and the MACD line overlap, so that no major price movements can be detected. The RSI is at 40 and is currently neutral and can go in any direction.
On the 29ththat There was supportive bear volume in December but the price did not decline and bullish candles formed after that. This can be an opportunity for bullish investors. If the price spins from that point on, expect a minimum target of $ 5, and if the price falls it can hit a low of $ 2.
On the 7-day chart, the price has moved on the edges of the support zone in the past few weeks. The candle that forms shows a bearish engulfing pattern that will cause price to decline. The coin on the long-term chart is already in the bearish zone.
The current candle does not close below last week’s swing lows. Last week’s candles may be an opportunity for the cops. However, the technical parameters still indicate a sales zone.
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