EOSUSD saw an uptrend with the price touching the upper band
Price volatility was very high. The market moved ~10%, between $2.75 and $2.50
Today’s Trend analysis
EOSUSD expected to see a downtrend as the price after trading inside the bands got rejected from the upper band
Price at time of publishing: $2.73
EOS’s market cap: $2.46 Billion
Oscillator indicators are mostly neutral. RSI at 50
Moving average indicators are mostly neutral. Ichimoku Cloud is neutral and Hull Moving Average indicating a selling opportunity
Volume indicators observed fluctuation in recent candles, with the price decreasing for an increase in volume
Price expected to see a slight uptrend as the price after rising inside the bands started to increase and expected to continue further after breaking the midline. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size increasing in the positive region, suggesting bullish bias. RSI at 50, in the neutral region close to the midline. CCI is around 31, in the neutral region. Another interesting point to notice here is that the volume indicators observed fluctuation in recent candles, with the price decreasing for an increase in volume indicating a shift from buyers to sellers. ----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
You have the 20EMA and the 50 MA and broken down trend line and middle bollinger band line all acting as strong support i see it going further up in the coming weeks, RSI has made support above 50 MACD Crossing the 0 Line
Phi-Deltalytics
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Thanks for sharing!
Mudrex
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Mudrex
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Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .