EOSUSD - 1D Chart Analysis
Just like many other coins, the price of EOS also failed to leave the area between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands, confirming the bearish trend which has started since the 16th of October.
The trading volumes seems also to be lower and even if the RSI and the Stochastic are showing "oversold" positions, this seems just a signal that the price will start moving sideways before another drop, as long as the MACD is clearly indicating this.
With no strong fundamentals, it seems that the price is heading slowly, but steady, towards the Support Level of 5.0158$
The trading volumes seems also to be lower and even if the RSI and the Stochastic are showing "oversold" positions, this seems just a signal that the price will start moving sideways before another drop, as long as the MACD is clearly indicating this.
With no strong fundamentals, it seems that the price is heading slowly, but steady, towards the Support Level of 5.0158$
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