• Cryptocurrencies:
  • Markets:
  • Market Cap: $
  • 24h Vol: $

EOS: Breaks out – Further Upside


EOS as stated earlier this week has broken out, this is as a result of both the market conditions and Bancor’s technical change to start on the EOS blockchain.

Where is EOS going today?

Bullish Bias:

  • EOS has just broken out of its triangle pennant – there is the first resistance that will need to be broken which is $6.10
  • The OBV that illustrates open interest indicates that sentiment for the rest of the market is poor and traders have not entered into EOS as of yet.
  • Volume is poor, well under the 90D Average, however there is heavy buy side support indicating we may see $6.10 today.
  • RSI Stochastic illustrates that a dump was rejected with the stochastic reversing and slowly moving up.
  • Increased buy-side support indicates that once traders rush into the market, we should see $6.30 before Friday.

Bearish Bias:

Nouvive and Nouvive Research finds that as a result of positive market conditions, lack of traders in EOS and continued buy-side support, there is NO BEARISH BIAS. 

Nouvive sees a trade from current price to $6.30

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