Rajarshi Mitra
Independent Analyst
- EOS/USD is priced around $3.94 in the early hours of Friday.
- Elliott Oscillator shows two straight bearish days.
EOS/USD daily chart
Over the last two days, EOS/USD has dropped from $4.09 to $3.94. The bulls have struggled to overcome resistance at $4.10 over the previous five days. The price is trending above the 50-day Simple Moving Average (SMA 50) and SMA 20 curves. The SMA 20 is also looking to cross over the SMA 50 curve, which is a bullish sign. The Elliott Oscillator has had two straight bearish sessions.
EOS/USD four-hour chart
-637045497358318129.png)
The four-hour chart has found support at the upward trending line and the SMA 50 curve. On the upside, the resistance lies at the $3.97 line. The price is trending in the lower half of the 20-day Bollinger Band. The Moving Average Convergence/Divergence (MACD) indicator shows decreasing bearish intensity.
EOS/USD hourly chart
-637045497062218775.png)
The hourly chart is trending below the green Ichimoku cloud. This Thursday, the price dropped till the $3.86 support level and then spiked up to $4. The bulls lost their momentum and then dropped down to $3.89, before finally settling around $3.94.
Key Levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Crypto traders brace for short-term volatility with $2.4 billion options expiry on Friday
Bitcoin and Ethereum options market looks bullish on Friday, according to data from intelligence tracker Greeks.live. The firm said it has identified two Bitcoin calls that show an underlying bullish sentiment among market participants.
XRP recovers from week-long decline following Ripple’s response to SEC motion
Ripple filed a letter to the court to support its April 22 motion to strike new expert materials. The legal clash concerns whether SEC accountant Andrea Fox's testimony should be treated as a summary or expert witness.
Lido adds 4% gains as protocol rolls out first step towards decentralization
Lido takes the first batch of simple DVT validators to live, a step taken to decentralize the protocol. Lido leveraged technology to expand the protocol to multiple node operators, inviting both solo and community stakers.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Bitcoin: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.