The EOS price line peeked across the $4.260 mark before it came crashing down to its resting price above the $4.100 level on the price chart for February 01. The EOS / US Dollar trading pair depicted ruffled price movements all over the 1-Day price analysis for February 01.
1-Day EOS Price Analysis (February 01)
On the first day of the second month of 2020, the cryptocurrency stood just above the $4.100 level. At the start of February 01, the digital currency was subject to a bullish trend that took the price line towards and across the $4.260 mark on the price chart. At 01:57 GMT, the coin reached a day’s high of $4.266 US Dollars after which it gradually came below the $4.160 mark. Following another price bounce, the cryptocurrency fell below the $4.100 level by 09:06 GMT. At 12:55 GMT and a price of $4.084 US Dollars, the cryptocurrency saw another bearish pull that led to a retracement across the $4.180 mark.
According to the price chart above, the trading pair continued a disheveled set of movements that eventually lowered the number of rises and falls until the price reached the closing value of $4.138 US Dollars.
Technical Indicators for EOS
The 20-Day Exponential Moving Average (EMA) concluded the trade for February 01 at $4.150, whereas the 50-Day Moving Average (MA) completed the day’s trade and ended the day at $4.148. The Relative Strength Index (RSI) was placed at 37.61 at the end of February 01.
Featured Image by Ian Keefe.
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.