EOS price sees a fall towards the $3.540 mark before it rose back to the $3.642 mark. The trading view analyst MajorLeagueTrader is of the opinion that the cryptocurrency should see a rise towards the $4.0 mark. Currently, the EOS pair trades with a day’s range of $3.599 — $3.656, while the cryptocurrency trades near the $3.642 level.
1-Day EOS Price Analysis (04th March)
EOS Price Chart by TradingView
The EOS price line was seen rising across the $3.660 mark at the start of the 04th of March. The cryptocurrency saw to a bearish movement and the price line gradually declined towards the $3.560 level. The EOSUSD pair saw a day’s low of $3.519 US Dollars while it kept trading between the $3.540 and $3.580 levels until the end of the 04th of March. The coin saw a bullish momentum during the closure, and the cryptocurrency rose above the $3.640 level. Currently, the EOS / US Dollar trading pair stands at the $3.642 mark.
The 20-Day Exponential Moving Average (EMA) was seen at $3.647 at the time of writing, while the 50-Day Moving Average (MA) stood at the $3.643 mark. At the same time, the Relative Strength Index (RSI) was observed at 50.84.
EOS: predictive analysis
MajorLeagueTrader believes that EOS will rise above the $4.0 mark, following a bullish momentum. The cryptocurrency
EOS Featured Price Chart by TradingView
However, the crypto analyst stated that the pair still waits for the Renko to close bullish before it can rise above the $4.0 level. This predictive analysis is still in play.
Featured Image by Ben Karpinski.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.
