EOSUSD expected to consoldiate(1D) | Pivot line acted as support
Market in last 1 week
-EOSUSD saw a downtrend and after getting, support saw an uptrend
-Price volatility was very high. The market moved ~19.72%, between $3.42 and $2.86
Today’s Trend analysis
-EOSUSD expected to consolidate till R2 and see a rejection thereafter as it got support from Pivot line with higher lows being observed
-Price at time of publishing: $3.25
-EOS’s market cap: $3.04 Billion
-Oscillator indicators are mostly neutral. RSI at 51
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral and Hull Moving Average indicating a selling opportunity
-Volume indicators saw a decrease in the volume in recent red candles and increased up to a mark in the blue candles
Price expected to consolidate till R2 and see a rejection thereafter as it got support from the Pivot line with higher lows being obsrved. 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 51, in the neutral region close to the midline. CCI is around -27, in the neutral region increased from the oversold region. Another interesting point to notice here is that the volume either saw a decrease or increase was below the 20-candle moving average.
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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 downtrend and after getting, support saw an uptrend
-Price volatility was very high. The market moved ~19.72%, between $3.42 and $2.86
Today’s Trend analysis
-EOSUSD expected to consolidate till R2 and see a rejection thereafter as it got support from Pivot line with higher lows being observed
-Price at time of publishing: $3.25
-EOS’s market cap: $3.04 Billion
-Oscillator indicators are mostly neutral. RSI at 51
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral and Hull Moving Average indicating a selling opportunity
-Volume indicators saw a decrease in the volume in recent red candles and increased up to a mark in the blue candles
Price expected to consolidate till R2 and see a rejection thereafter as it got support from the Pivot line with higher lows being obsrved. 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 51, in the neutral region close to the midline. CCI is around -27, in the neutral region increased from the oversold region. Another interesting point to notice here is that the volume either saw a decrease or increase was below the 20-candle moving average.
----------------------------------------------------------------------------------------
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
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