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After the EOS bullish price was rejected at the $0.12 price level, a bearish trend was triggered. The trend was with an aggressive move. But at $0.82 level, bulls salvage the price by cutting short the bearish trend and attempting to recover the price on November 10. However, the resistance was too strong. But, the bulls were as well resilient and determined as they secure support in proximity to the resistance. This should give them the advantage of breaking through the difficult price level. But this intention is now hardly being achieved as the buyers have just managed to break off the indecision.
EOS Market Price Statistic:
- EOS/USD price now: $0.94
- EOS/USD market cap: $1,007,983,212
- EOS/USD circulating supply:1.08B
- EOS/USD total supply: 1,061,006,819
- EOS/USD coin market ranking: #41
Key Levels
- Resistance: $1.000, $1.100, $1.200
- Support: $0.850, $0.800, $0.750
EOS Market Price Analysis: The Indicators’ Point of View
The price of the market is now above the 20-day moving average. But the buyers still have a long way to go in establishing a bullish trend for the market. The candlestick that represents today’s trading activities can hardly be considered a momentum candle. This is because, in the RSI indicator, the RSI line still appears to be like moving sideways. However, if EOS buyers can keep a moderate bullish position in the next trading session, the bullish trend can continue. But as of now, the bullish recovery has price levels to break.
EOS/USD 4-Hour Chart Outlook
Even from this outlook, the Bollinger band indicator is not supporting a bullish market sentiment although we have a much trending candlestick pattern in today’s market from the 4 hour point of view. The upper band of the indicator is not yet moving in a bullish way. And now, it seems like the sellers are catching up with the bulls.
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