Eospriceanalysis
EOS Double Nested Inverse Head & ShouldersA possible scenario for EOS. Looks like we are creating an inverse head & shoulders with a target that should complete a right shoulder for a bigger inverse head & shoulders
EOSUSD entry levels LONGEOS hit upper TL, but the price is still close to this TL. We can expect even a break out from the channel and ride back to ATH. I do not recommend BUY now. Just wait if we hold the line and break it higher or wait for a correction to $3.4504.
ENTRY LEVELS LONG:
UP TO $3.7200
$3.4504
$3.2692
EOS - 4h. Buyers do not give up and prepare for the test $3.9.Hard times came on the EOS market on January 10. After breaking the global trend line, buyers tested the mark of $3.9 and were confident that the downward trend was over.
However, the sellers decided otherwise and lowered the price in less than two days by 40% . After such a fall, the EOS market froze for almost 2 weeks.
However, yesterday we saw a good signal . During another attempt by sellers to break the critical range of $2.42-2.5, we saw too low volumes . Compared to January 11, this situation looks like the capitulation of sellers and the transition of initiative in the EOS market to buyers.
Today we saw an aggressive attempt by buyers to form a new local trend . Fixing the EOS price above $2.93 will be the first signal to continue growth with a target of $3.9.
Another good signal was the situation on the EOSBTC chart:
YES we see on the chart a strong downward trend. However, pay attention to the volumes that have finally appeared on the EOS market. In our opinion, a large buyer is actively buying EOS, while the situation allows it to do so at low prices.
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EOSUSD to see a slight uptrend(1D) | Trading b/w midline & lowerMarket in last 1 week
EOSUSD saw a downtrend and got support from the lower Bollinger band
Price volatility was very high. The market moved ~42.16%, between $3.55 and $2.5
Today’s Trend analysis
EOSUSD expected to see a slight uptrend as price is trading between the lower band and midline with the lower band acting as support and midline as resistance
Price at time of publishing: $2.925
EOS’s market cap: $2.73 Billion
Oscillator indicators are mostly neutral. RSI at 45
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull Moving Average indicating a buying opportunity
Volume indicators saw an increase in the recent candles except for the last one which saw a very low volume indicating a shift to sellers
Price expected to see a slight uptrend as price is trading between the lower band and midline with the lower band acting as support and midline as resistance. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line with histogram size decreasing in the negative region, suggesting bearish bias. RSI at 45, in the neutral region below the midline. CCI is around -90, in the neutral region pulled up from the oversold region. Another interesting point to notice here is that the volume saw an increase in the recent candles except the last one which saw a very low volume indicating a shift to sellers.
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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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EOS Price Analysis - Biggest Loser Today
Relative Strength Index: The RSI is currently at a healthy 41 points. This means the market is ready to recover and at the very least continue trading sideways.
Bollinger Bands: The price is within range but is quite close to the lower bollinger band. This means that EOS can still drop a few percent before bouncing back up.
Volume: The volume is still there but is winding down fast. If the volume decreases further, that will be reassurance for a sideways market. Until then, be ready for another drop.
EOS Price Prediction
While the RSI seems relatively stable, BBs are showing that there still is a chance for a slight drop. All eyes are on the volume right now, if that drops down further then the chances of sideways trading increase.
My prediction is that EOS will dip again very slightly to $2.82 before making another attempt at recovery. This is assuming Bitcoin remains stable as well.
Read Full EOS Price Analysis and Prediction - Cryptomode
EOS Price Analysis - Sideways Trading Continues
Relative Strength Index: The RSI is currently at a healthy 41 points. This means that the market will most likely continue to trade sideways for the next few hours.
Bollinger Bands: The price is also within the bollinger bands range, meaning it will most likely stay at the same level. Moreover, the price is right on the line with the MA, further reinforcing the signal of an upcoming sideways market.
Volume: At the time of writing, the volume for EOS is nearly nonexistent. This means the market doesn't have much power to slide upwards or downwards anytime soon. This isn't surprising as it's the weekend and volume usually drops during this time.
EOS Price Prediction
The RSI, Bollinger Bands, and Volume are all signalling a sideways market. While we didn't have much positive news about EOS recently, it doesn't seem like the market is exhibiting too much bearish pressure. As such, my prediction is that EOS will continue bouncing between the $3.8 and $4 levels for the next day.
Read Full EOS Price Analysis and Prediction: NullTX
EOS Price Analysis 9/16/19 - Double Top, Can $EOS HODL $4?
Relative Strength Index: The RSI is currently at a healthy 43 points. It’s a bit low, but that’s expected given the recent slight price decline.
Bollinger Bands: The price is also leaning towards the low end of the band which most likely means it will stay at the current level for a few more hours at least.
Volume: The volume is surprisingly high at the time of writing. That’s most likely because it’s a start of a new week when market action usually picks up.
Double Top: With the EOS price dropping from a high of $4.15 to a current of $4.09, a double top pattern has formed. This pattern is extremely bearish, but the caveat here is that a double top usually signifies medium to long term trend change. Since we are looking at the 15 minute chart, we are dealing with short term trends. As such, there’s no reason to take the double top too seriously.
EOS Price Prediciton
Because we’re at the start of a new week, and with the $EOS and $Ethereum upgrades ahead of us, I’m going to predict that EOS will be able to hold the $4.0 support. Even though some news came out about the EOSPlay hack , 30,000 isn’t that significant and won’t have much of an impact on the market. On the other hand, with the new EOS version upgrade coming up in seven days, bullish momentum is in the works for the cryptocurrency.
On another note, it’s important to keep a good eye on Bitcoin’s price movements. As any big swings will have a similar effect on the rest of the crypto markets.
Read Full Analysis: CryptoMode
EOS Price Analysis 9/9/19 - Another Double Top?
Relative Strength Index: The RSI is currently at 78 points. This means the market is overbought and will be looking to retrace until its in range.
Bollinger Bands: EOS/USD is also outside the range. This is another signal that the price will be looking to retrace in the next few hours. It looks like EOS/USD is not even close to being out of steam, so in this case the band will have to catch up to the price.
Volume: The volume is currently great. It's been picking up which means that another sharp move is not out of the question.
EOS Price Prediction
Unfortunately, my previous EOS price prediction was completely wrong. I predicted that EOS will respect the first double top and retrace to $3.5. I couldn't be further from the truth, as EOS didn't care at all about the double top and kept with its bull run. Not only did EOS dismiss one double top, but it actually did so twice.
This leads me to believe that we will see another double top and once again EOS will break through and attempt to test a new support level.
Read Full Analysis: EOS Price Analysis
EOS Price Analysis 9/8/19 - Double Top
Relative Strength Index: The RSI at the time of writing is at a high 62 points. It just recently tipped over the 70 point threshold into the overbought market territory, rebounding shortly after.
Bollinger Bands: As the price increased rapidly it crossed over the upper band, which caused the sharp rebound. Now that the price is within the range once again, it will be looking to stabilize.
Volume: There is quite a bit of volume for EOS right now, more so than for ETH or BTC (relatively speaking of course). This means that the market is alive and a sharp move in the near term wouldn't be out of the question.
EOS Price Prediction
While we have been seeing some exciting bullish momentum for EOS, an unfortunate pattern has just unfolded - a double top. A double top is an extremely bearish sign which forms when an asset has reached a high point two times in a short period of time with a decline in between.
While the second top for EOS was slightly higher than the first, there was quite a decline in between. No chart is perfect, but this pattern should be taken into account. If you're planning on entering a position, I would proceed with caution.
My prediction for EOS' price is that it will respect the double top and retrace down to $3.5 where it's comfortable. If Bitcoin decides to wake up, then EOS could harness enough power to make another bull run.
Read More : EOS Price Analysis
EOS Price Analysis and Prediction for September 6th, 2019
Relative Strength Index: The RSI is currently at a healthy 54 points. This means the market is stable, yet has enough power to make a move again. We’ve see the RSI hover above the 50 range for quite some time, meaning the market does want to make a move.
Bollinger Bands: The price did touch the lower band earlier and quickly rebounded to the MA line, where its at now. If the RSI keeps rising we should see the price test the upper bollinger band and potentially test the $3.3 resistance.
Volume: The volume is actually relatively impressive given the sideways trading. There’s quite a bit of volume and I’m surprised the market hasn’t moved more.
EOS Price Prediction
My opinion is that EOS will see some positive momentum in the coming hours. Since Bitcoin is on a bull run right now, altcoins are bound to follow. While altcoin season has been quite bad lately, EOS has been doing a relatively good job staying stable.
The current price of $3.2 has a long history for EOS so the support at that point is solid. If Bitcoin pumps high enough, I believe EOS will follow.
Read More: EOS Price Analysis 9/6/19