• Cryptocurrencies: 3431
  • Markets: 20623
  • Market Cap: $280394162986.89
  • 24h Vol: $185477934918.98

EOS Daily Analysis: Breakout continuation

Nouvive stated yesterday that EOS is in the process of breaking out; today we follow up on the best exit & entry levels.

What do the charts show?

Bullish

  • The higher time frames indicators all show on that EOS is gearing up to breakout of its current positioning.
  • This comes as since finding its temporary bottom over the weekend, it has made successive Higher Highs, Higher lows on the 1D Chart.
  • RSI Stochastic on the 1D Chart illustrates that we could go as far as $2.17 following a breakout of the pennant triangle or at the minimum $2.10
  • MACD and Nouvive’s ViFeed indicator has flashed BUY on the current time frames.
  • Market sentiment and Accumulation has increased by 3% day on day.

Bearish

  • A break of $2 could see a 9% fall over the course of the following days, leading up to the weekend as EOS tries to find a Bottom.
  • The reversal following the finding of a local high or resistance at $2.17 with a negative patterns being illustrated is a cause of concern.

Nouvive Says: EOS is in the process of breakout to fill the volume gap at $2.05; all of the Moving Averages are in the process of crossing over making $2.17 more than likely over the course of the week.

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2293

ViFeed Indicators

Bitcoin (BTC)
$9609.82
0.00 RSI
-1.93%
--
Ethereum (ETH)
$256.61
0.00 RSI
1.76%
--
XRP (XRP)
$0.28
0.00 RSI
-1.78%
--
Bitcoin Cash (BCH)
$399.71
0.00 RSI
-1.77%
--
Bitcoin SV (BSV)
$303.86
0.00 RSI
10.01%
--
Tether (USDT)
$1
0.00 RSI
-0.28%
--
Litecoin (LTC)
$72.23
0.00 RSI
0.09%
--
EOS (EOS)
$4.35
0.00 RSI
1.59%
--
Binance Coin (BNB)
$22.86
0.00 RSI
-0.44%
--
Tezos (XTZ)
$3.03
0.00 RSI
1.12%
--
Whats Your Bias this Week?