EOSUSD to see a slight uptrend(1D) | Trading b/w midline & lower

Market in last 1 week

• EOSUSD saw a downtrend and got support from the lower Bollinger band
  
• Price volatility was very high. The market moved ~42.16%, between $3.55 and $2.5
  

Today’s Trend analysis

• EOSUSD expected to see a slight uptrend as price is trading between the lower band and midline with the lower band acting as support and midline as resistance
  
• Price at time of publishing: $2.925
  
• EOS’s market cap: $2.73 Billion
  
• Oscillator indicators are mostly neutral. RSI at 45
  
• Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull Moving Average indicating a buying opportunity
  
• Volume indicators saw an increase in the recent candles except for the last one which saw a very low volume indicating a shift to sellers
  

Price expected to see a slight uptrend as price is trading between the lower band and midline with the lower band acting as support and midline as resistance. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line with histogram size decreasing in the negative region, suggesting bearish bias. RSI at 45, in the neutral region below the midline. CCI is around -90, in the neutral region pulled up from the oversold region. Another interesting point to notice here is that the volume saw an increase in the recent candles except the last one which saw a very low volume indicating a shift 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 .

----------------------------------------------------------------------------------------

If you find the analysis useful, please like and share our ideas with the community!

- Mudrex