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EOS price treads near $2.75: what’s next?

EOS price treads near what s next

The EOS price trades near $2.75 on the 9th of June. RocketBomb is a TradingView analyst who believes that EOSUSD will move towards the $3.38 mark with a mid-term trading opportunity for buyers.

1-Day EOS price analysis (9th June)

EOS price chart 1 - Jun9EOS Price Chart by Trading View

The cryptocurrency jumped past the $2.80 mark at the start of the 9th of June, shortly after which it fell below the $2.70 level. The cryptocurrency’s price trajectory returned towards the $2.75 level, and it continued to trade within a day’s range of $2.71 — $2.78 for the rest of the day. At the time of writing, the cryptocurrency was priced at $2.75 US Dollars.

The Relative Strength Index (RSI) fell to a low of 10.98 when the EOSUSD pair slipped below the $2.70 mark. At the time, the cryptocurrency was oversold, after which the RSI indicator returned above 50.00. The technical indicator was observed at 56.70 at the time of writing.

EOS price mid-term trade

RocketBomb drew a trading channel in which EOSUSD is currently present. The channel is held above the $2.27 mark, while the cryptocurrency is expected to move towards the $3.38 mark once it breaks out of the channel.

EOS price chart 2 - Jun9

EOS Price Chart by Trading View

RocketBomb termed the trade as a medium-term trade. Currently, EOSUSD rests near $2.75.

EOS: diamond trading pattern?

Griffin0318 is another TradingView analyst who has highlighted a diamond trading pattern forming on the 3-Day charts for EOSUSD.

EOS price chart 3 - Jun9

EOS Price Chart by Trading View

The analyst has suggested that EOS should move towards the $9 level after breaking out of the diamond trading pattern.

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.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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