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EOS Price Analysis: EOS/USD bulls aim to take the price above $2.80

  • EOS/USD jumped up from $2.35 to $2.76 this Monday.
  • The price is currently hovering above the 20-day Bollinger Band, indicating that it was overpriced.
EOS Price Analysis: EOS/USD bulls aim to take the price above $2.80
Rajarshi MitraRajarshi MitraIndependent Analyst

EOS/USD daily chart

EOS/USD daily chart

EOS/USD had a hugely Monday as the price jumped from $2.35 to $2.76. The price has increased a little more to $2.794 in the early hours of Tuesday. The bulls also managed to break past the 20-day Bollinger Band, indicating that the price is overvalued and will face bearish correction sooner rather than later. The RSI indicator jumped from 50 to 58.82. Finally, the Elliott Oscillator has had 22 consecutive green sessions.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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