EOS Daily Price Prediction for the 17th of August: EOS/USD Bulls Are Aggressive

Between mid-June and mid-July, EOS/USD chart information shows a period of indecision between the forces of buyers and sellers. Towards the end of July, the trend changed as the Bulls begin to make some impressive moves to drive up the price. The bears also made some aggressive moves to drive down the price. But bullish activities was much stronger it kept the trend up. Today’s bullish market behaviour has taken the price from $1.375 (that is yesterday’s opening price) to $1.603 making a 25.93% appreciation in value

EOS Price Statistic Data:

• EOS/USD price now:- $1.603
• EOS/USD market cap :- $1,594,004,981.12
• EOS/USD circulating supply :- 997,329,015 EOS
• EOS/USD Total supply:- 1,061,006,819 EOS
• EOS/USD coin market ranking:- #40

Key Levels

• Resistance:- $1.2000, $1.3315, $1.5689
• Support:- $1.2694, $1.1708 $1.1087

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EOS Price Analysis: Breakout After Periods of Consolidation

In the previous months, the market was faced with indecision as to the direction of the market. The bulls and the bears kept the market activities on a sideway ranging pattern. On the 21st of July, the selling pressure began to reduce and the bulls began to gain strength. On the 22nd of July, the bulls took the market with a very strong momentum that took the value of the coin up by 27.4%. After this, the market went in favour of the Bulls, and the selling pressure increased but just as much as to keep the price action in consolidation for a short period. Then, between yesterday and today, the price skyrocketed by 25.93%.

EOS Price Analysis: Information From the Indicators

Since the 22nd of July, most of the bullish candlesticks have popped out of the boundary of the Bollinger band indicator. This is an indication of very strong bullish market activities. Today’s chart shows a very bullish candlestick. In the MACD indicator, the positive histogram bar of 0.0177 shows that today’s buying activities are very strong.

EOS Price Analysis: 4-Hour Chart

The first session for today was bullish, with a few bearish activities as indicated in the second session to bring the bullish candlesticks within the Bollinger band. At the present third session, there is bearish indecision between the force of buyers and sellers. It could mean that selling pressure may be weakening. Nevertheless, i think The price of EOS/USD may rise to $1.664.

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