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EOS Technical Analysis: EOS/USD is on the rise

EOS/USD Daily Chart

  • EOS/USD went up from $6.43 to 6.71 in the early hours of Thursday.
  • The market has had a bullish breakout from a triangle formation.
  • The SMA 20 curve converged with the SMA 50 curve but then instantly diverged away, which is a bullish sign.
  • The relative strength index (RSI) indicator has crept into the overbought territory.

EOS/USD 4-Hour Chart

  • The widening of the 20-day Bollinger band shows increasing market volatility.
  • The MACD indicator shows continued bullish momentum.
  • The latest session has crept outside the upper curve of the Bollinger band.
  • Nearest resistance lies at $6.75.

EOS/USD Hourly Chart

  • The hourly EOS/USD chart shows a head and shoulders pattern as indicated by the rectangles.
  • The Ichimoku indicator shows the possibility of a near-term bearish correction.
  • The Elliot Oscillator has had three consecutive bullish sessions.

Key Levels

EOS/USD

Overview
Today last price6.5394
Today Daily Change0.05020
Today Daily Change %0.77
Today daily open6.4892
 
Trends
Daily SMA205.19192
Daily SMA505.15905
Daily SMA1004.30155
Daily SMA2003.79262
Levels
Previous Daily High6.5
Previous Daily Low5.9416
Previous Weekly High5.3316
Previous Weekly Low4.6113
Previous Monthly High6.0726
Previous Monthly Low4.2
Daily Fibonacci 38.2%6.28669
Daily Fibonacci 61.8%6.15491
Daily Pivot Point S16.12053
Daily Pivot Point S25.75187
Daily Pivot Point S35.56213
Daily Pivot Point R16.67893
Daily Pivot Point R26.86867
Daily Pivot Point R37.23733


 

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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