Home EOS Price Analysis: EOS/USD breaks above the SMA 20 curve as bulls take full control
Crypto News

EOS Price Analysis: EOS/USD breaks above the SMA 20 curve as bulls take full control

FX Street
Updated:
  • EOS/USD price has peeked above the triangle pattern.
  • The MACD indicator shows increasing bullish momentum.

EOS/USD daily chart

EOS/USD daily chart

EOS/USD has gone up from $2.53 to $2.58 this Friday, charting a second straight bullish day. In the process, the price sessions broke above the triangle pattern and the 20-day Simple Moving Average (SMA 20) curve. The Moving Average Convergence/Divergence (MACD) indicates increasing bullish momentum, while the Elliott Oscillator shows sustained bullish sentiment. The Relative Strength Index (RSI) indicator is hovering around the neutral zone, which shows that further bullish action can be expected.

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024