The EOS price line returns to the $3.050 level after falling to the $2.850 mark on the 9th of March. EOS trades at a day’s range of $3.035 — $3.096. veksonpu highlights a head and shoulders pattern formed by EOS, while the trading view analyst believes that the cryptocurrency is in a heavy selloff.
1-Day EOS Price Analysis (09th March)
EOS started the day’s trade above the $3.05 mark while the price line moved across the $3.150 level to reach a day’s high of $3.168 US Dollars. The coin saw a bearish movement in the afternoon where it fell towards the $2.850 mark and saw a day’s low of $2.848 US Dollars. The cryptocurrency saw some price recovery towards the $3.05 towards the end of the 24-Hour chart. At the time of closure, the coin traded at $3.063 US Dollars, while it currently stands at $3.052 US Dollars.
EOS: predictive analysis
EOS completed it’s head and shoulders pattern that started forming on the 13th of January 2020. The head touches the $5.5 mark, while both of the shoulders were formed at the $3.9 mark.
veksonpu is of the opinion that the cryptocurrency is in a heavy selloff and its next price targets are $1.60, followed by $0.4.
Featured Image by Adam Nowakowski.
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.