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)
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
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.