- The four-hour EOS chart has had five straight bullish sessions.
- In the daily chart, the MACD indicator had a bullish session after two consecutive red sessions.
EOS/USD daily chart
-637076423867494754.png)
EOS/USD has gone up from $2.73 to $3.18 so far this Friday. In the process, it has broken past the resistance provided by the 20-day Simple Moving Average (SMA 20) curve. The bulls need to break past the SMA 50 curve to continue the upward momentum. The Moving Average Convergence/Divergence (MACD) indicator has had a green session following two straight red sessions.
EOS/USD four-hour chart
-637076423572643255.png)
The four-hour EOS has had five straight bullish sessions, breaking above the green Ichimoku cloud, SMA 200, SMA 50 and SMA 20, in the process. The Elliot Oscillator has had ten green sessions, going up from -0.172 to 0.129.
EOS/USD hourly chart
-637076423255135798.png)
The hourly EOS/USD crept above the 20-day Bollinger band, indicating that the price was momentarily overpriced. Following that, the price encountered resistance at $3.19, at which point it started trending horizontally and re-entered the Bollinger band. The Relative Strength Index (RSI) indicator is deep into the overbought zone at 87.25. The Bollinger width is around 0.24, showing increasing market volatility.
Key Levels
Share
