1-Day EOS Price Analysis (1st April)
The EOS / US Dollar trading pair stood at the $2.220 mark at the start of the day, after which the cryptocurrency gradually made its way towards the $2.160 line on the price chart for the 1st of April. The coin fell to the $2.160 mark near 16:00 GMT, while it saw a day’s low of $2.155 US Dollars after it slipped below the $2.160 mark. The BCHUSD pair saw a bullish momentum and the price line immediately rose across the $2.220 mark, after which it made its way across the $2.260 level closer to the end of the day. The BCHUSD pair closed the day’s trade at a trading value of $2.281 US Dollars.
EOS: technical indicators
Both of the moving averages traced paths with almost no noise in the trend. The 20-Day Exponential Moving Average (EMA) closed at the $2.264 after it crossed the 50-Day Moving Average (MA) when the coin saw bulls. The 50MA closed below the 20EMA, at $2.250.
The Relative Strength Index (RSI) was seen turning bullish after 19:30 GMT, and it closed at the 67.04 mark on the scale for the 1st of April. However, the RSI saw a low of 23.51 near the start of the day, which means that the coin was mildly oversold at that instance.
Featured Image by Gerd Altmann.
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.