nulltxmark

EOS Price Analysis - Sideways Trading Continues

COINBASE:EOSUSD   EOS/USD
  • Relative Strength Index: The RSI is currently at a healthy 41 points. This means that the market will most likely continue to trade sideways for the next few hours.

  • Bollinger Bands: The price is also within the bollinger bands range, meaning it will most likely stay at the same level. Moreover, the price is right on the line with the MA, further reinforcing the signal of an upcoming sideways market.

  • Volume: At the time of writing, the volume for EOS is nearly nonexistent. This means the market doesn't have much power to slide upwards or downwards anytime soon. This isn't surprising as it's the weekend and volume usually drops during this time.

EOS Price Prediction

The RSI , Bollinger Bands , and Volume are all signalling a sideways market. While we didn't have much positive news about EOS recently, it doesn't seem like the market is exhibiting too much bearish pressure. As such, my prediction is that EOS will continue bouncing between the $3.8 and $4 levels for the next day.

Read Full EOS Price Analysis and Prediction: NullTX

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out