The EOS price line fell towards the $2.120 mark over the course of the price chart for the 29th of March, after trading above the $2.180 level. The cryptocurrency traded within a day’s range of $2.098 — $2.213. Vladkata2020 is a TradingView analyst who highlighted a descending triangle for cryptocurrency, believing that the price may fall soon.
1-Day EOS Price Analysis (29th March)
EOS Price Chart by TradingView
The cryptocurrency began the day’s trade at the $2.210 mark after which it immediately reached a day’s high of $2.213 US Dollars. The cryptocurrency’s price line can be observed gradually moving down on the price chart until 19:30, after which the coin saw a bearish momentum and the price immediately fell towards the $2.100 level. The EOS / US Dollar traded between the $2.100 and $2.140 marks until the end of the day, and the cryptocurrency closed the day with a trading value of $2.120 US Dollars.
EOS: technical indicators
EOS Featured Price Chart by TradingView
On the 29th of March, the 20-Day Exponential Moving Average (EMA) closed at the $2.122 mark, while at the same time, the 50-Day Moving Average (MA) was observed above the 20EMA, at the $2.125 mark.
The Relative Strength Index (RSI) reached a low of 16.81 when the coin fell towards the $2.100 mark. This means that the coin was oversold at the instance. At the time of closing, the RSI stood at 45.60.
EOS: fall after descending triangle completes?
Vladkata2020 highlighted a descending triangle on the featured price chart for EOS. The crypto analyst believes that the cryptocurrency may see a fall.
EOS Price Chart by TradingView
According to the idea, EOS trades between $2.10 and $2.20 marks while it is expected to fall below the $2.10 mark once the descending triangle is completed.
Featured Image by Mediamodifier.
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.
