The EOS price line returns to the $3.5 mark after seeing a bearish movement on the 01st of March when the price fell towards the $3.440 mark. A trading view analyst, MrLucifer7 believed that the cryptocurrency will go bearish and it needs to find a nearby support. Currently, EOS has a day’s range of $3.485 — $3.584.
1-Day EOS Price Analysis (01st March)
EOS Price Chart by TradingView
The EOS price stayed above the $3.560 mark until it saw a bearish momentum in the evening. The coin approached a day’s high of $3.650 US Dollars at noon. After it saw bear, the coin fell to the $3.460 mark, but it gradually recovered its price towards the $3.560 level. At the time of writing, EOSUSD trades at $3.553 US Dollars.
The 20-Day Exponential Moving Average (EMA) is currently placed below the 50-Day Moving Average (MA), and the 20EMA closed at $3.554. The 50MA closed the day with a value of $3.557. The Relative Strength Index (RSI) appears to have stayed in between the levels 30.00 and 70.00 for most of the day, while it currently stands at 39.19.
EOS: predictive analysis
Cryptoanalyst MrLucifer07 was of the opinion that the cryptocurrency will tank and that it needs to find a support or floor nearby.
EOS Featured Price Chart by TradingView
The predictive analysis does not seem to be playing out as the cryptocurrency has not turned bearish as of yet. This may also be a possible fakeout, but MrLucifer07 believes that overall, the cryptocurrency seems to be bullish and hence holdings should not be sold out.
Featured Image by Camille Couvez.
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.
