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EOS price analysis: EOS/USD jumps up by 11.75% this Wednesday

FX Street
Published date:
  • The bulls were able to take the price up from $2.21 to $2.47 this Wednesday.
  • The MACD indicator shows decreasing bullish momentum as the bulls valiantly fought back.

EOS/USD daily price

EOS/USD daily chart

EOS/USD bulls rallied back this Wednesday as they were able to take price up from $2.21 to $2.47. In the process, EOS/USD was able to re-enter the 20-day Bollinger Band. The price met resistance at the downward trending line and is currently priced at $2.44. The Elliott Oscillator has had four straight red sessions, while the Moving Average Convergence/Divergence (MACD) indicates decreasing bearish momentum. The Relative Strength Index (RSI) indicator is hovering around 42.85. The bulls will need to overcome resistance at the downward trending lime and the 20-day Simple Moving Average (SMA 20) to continue the upward momentum.
 

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