1-Day EOS Price Analysis (19th March)
The cryptocurrency’s price line was observed inclining towards the $2.100 mark, after it started the day with a trading price of $2.023 US Dollars. As per the chart posted above, the EOSUSD pair met bulls at 16:00 GMT, which took the price line across the $2.350 mark. The coin exhibited trade between the $2.250 and $2.400 for the rest of the day.
The cryptocurrency rose to a day’s high of $2.401 US Dollars, before it retreated to the $2.30 mark and closed the day at $2.303 US Dollars. At the time of writing, EOS stands at a trading value of $2.284 US Dollars.
EOS: technical indicators
The 20-Day Exponential Moving Average (EMA) was placed above the 50-Day Moving Average (MA) for a longer part of the day. The 20EMA was observed closing at the $2.283 mark, whereas the 50MA closed above the EOSUSD pair, at $2.286.
The Relative Strength Index (RSI) appears below the level 50, at 49.80. Which means that the coin is neither oversold nor overbought at the time of writing. The RSI rose to a day’s high of 89.37, depicting an overbought instance for EOS.
Featured Image by Austin Distel.
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.