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EOS Daily Analysis: Itching to break $3

EOS led the pump into the new week seeing close to 60% gains over three days. A slight cooling off period during the course of the late/early hours of this morning, before seeking to make a decision. By all accounts; it appears itching to break the $3 mental resistance level.

What do the charts say? 

Bullish

  • RSI Stochastic on all the time frames is currently illustrating that EOS is oversold.
  • MACD flashing buy signals.
  • Volume decreasing over the past 24 hours, illustrating we will see a large volatile move.
  • Volume gaps to be filled at
    • $2.77
    • $2.66
    • $2.812
    • $2.92
  • Accumulation has continued despite last nights sell-off leading into a cooling off period.
  • A break of $3800 for BTC or a bullish bounce from $3582 would illustrate that EOS would find support $2.523 before seeking a new leg up.

Bearish

  • A break of the short-time frame uphill line at $2.638 would illustrate that it has broken its uptrend.

Nouvive Says: EOS is entirely dependant on BTC; as all eyes look as to whether it will break through $6800 or bounce at $3582 leading EOS to fill the volume gap at $2.523 before seeking to fill the volume gaps at $2.812.

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2324

ViFeed Indicators

Bitcoin (BTC)
$9636.18
0.00 RSI
-1.59%
--
Ethereum (ETH)
$258.29
0.00 RSI
2.17%
--
XRP (XRP)
$0.28
0.00 RSI
-1.33%
--
Bitcoin Cash (BCH)
$402.37
0.00 RSI
-0.79%
--
Bitcoin SV (BSV)
$307.48
0.00 RSI
10.92%
--
Litecoin (LTC)
$72.47
0.00 RSI
0.23%
--
Tether (USDT)
$1
0.00 RSI
-0.18%
--
EOS (EOS)
$4.36
0.00 RSI
1.66%
--
Binance Coin (BNB)
$22.96
0.00 RSI
-0.51%
--
Tezos (XTZ)
$3.06
0.00 RSI
0.24%
--
Whats Your Bias this Week?