- Relative Strength Index: The RSI is currently at 78 points. This means the market is overbought and will be looking to retrace until its in range.
- Bollinger Bands: EOS/USD is also outside the range. This is another signal that the price will be looking to retrace in the next few hours. It looks like EOS/USD is not even close to being out of steam, so in this case the band will have to catch up to the price.
- Volume: The volume is currently great. It's been picking up which means that another sharp move is not out of the question.
EOS Price Prediction
Unfortunately, my previous EOS price prediction was completely wrong. I predicted that EOS will respect the first double top and retrace to $3.5. I couldn't be further from the truth, as EOS didn't care at all about the double top and kept with its bull run. Not only did EOS dismiss one double top, but it actually did so twice.
This leads me to believe that we will see another double top and once again EOS will break through and attempt to test a new support level.
Read Full Analysis: EOS Price Analysis
