EOS price analysis: EOS/USD jumps up by 11.75% this Wednesday
|- The bulls were able to take the price up from $2.21 to $2.47 this Wednesday.
- The MACD indicator shows decreasing bullish momentum as the bulls valiantly fought back.
EOS/USD daily price
EOS/USD bulls rallied back this Wednesday as they were able to take price up from $2.21 to $2.47. In the process, EOS/USD was able to re-enter the 20-day Bollinger Band. The price met resistance at the downward trending line and is currently priced at $2.44. The Elliott Oscillator has had four straight red sessions, while the Moving Average Convergence/Divergence (MACD) indicates decreasing bearish momentum. The Relative Strength Index (RSI) indicator is hovering around 42.85. The bulls will need to overcome resistance at the downward trending lime and the 20-day Simple Moving Average (SMA 20) to continue the upward momentum.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.