Market in last 1 week
-EOSUSD saw a major uptrend with breaking the upper Bollinger band
-Price volatility was very high. The market moved ~36.69%, between $3.95 and $2.89
Today’s Trend analysis
-EOSUSD expected to see an uptrend further as the price has broken the upper band along with the expansion of Bollinger Band
-Price at time of publishing: $3.849
-EOS’s market cap: $3.59 Billion
-Oscillator indicators are mostly neutral. RSI at 72
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw an increase in volume as the price breaks the upper band with the trade volume increasing from 835k to 4.07M being above the 20-candle moving average which increased from 893k to 1.17M
Price expected to see an uptrend further as the price breaks out of the upper band and Bollinger Band expands. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line with histogram size increasing in the positive region. RSI at 72, in the overbought region indicating a bullish bias. CCI is around 202, also in the overbought region. Another interesting point to notice here is that the price has broken R2 level in pivot points and thus will get the resistance at R3 suggesting an uptrend until R3 is reached.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume.
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-EOSUSD saw a major uptrend with breaking the upper Bollinger band
-Price volatility was very high. The market moved ~36.69%, between $3.95 and $2.89
Today’s Trend analysis
-EOSUSD expected to see an uptrend further as the price has broken the upper band along with the expansion of Bollinger Band
-Price at time of publishing: $3.849
-EOS’s market cap: $3.59 Billion
-Oscillator indicators are mostly neutral. RSI at 72
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw an increase in volume as the price breaks the upper band with the trade volume increasing from 835k to 4.07M being above the 20-candle moving average which increased from 893k to 1.17M
Price expected to see an uptrend further as the price breaks out of the upper band and Bollinger Band expands. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line with histogram size increasing in the positive region. RSI at 72, in the overbought region indicating a bullish bias. CCI is around 202, also in the overbought region. Another interesting point to notice here is that the price has broken R2 level in pivot points and thus will get the resistance at R3 suggesting an uptrend until R3 is reached.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
