Crypto

Bulls for EOS take control of the market

  • The Relative Strength Index (RSI) 14 period is at level 16, indicating that the market is oversold and that the bulls will take control of the market.
  • If investors sell at the support level or below the market price, they can make partial profits as they did yesterday.
  • Bull for EOS appears to take control of the market
 Bull for EOS seizes control of market
Bull for EOS seizes control of market

EOS sees control of banker's market for bears

EOS / USD parity medium term trend: Monthly [19659000] Supply levels: 17 US dollars, 16 US dollars, 15 US dollars

Demand levels: 11 US dollars, 12 US dollars, 13 US dollars [19659010] Yesterday, on March 15, the price of the EOS rose from $ 13, the support level, to $ 15, the resistance level. It was expected that the entity would break at any time and at any level. However, if the price breaks at a supportive level in a changing market, a short trade should be considered. On the other hand, according to analysts, if the price breaks at the resistance level, your choice should be a long trade. At the time of writing, the EOS is trading at $ 12.38.

Still, the weekly chart shows that the EOS price hurts its support level from 13 dollars to 12 dollars. If investors sell at support level or below market price, they will have a partial profit like yesterday. Meanwhile, the Relative Strength Index (RSI) 14 period is at level 16, indicating that the market is oversold and that the bulls will take control of the market.

 Bulls for EOS capture control of market
Bull for EOS seizes control of market

EOS 'short-term price analysis

EOS / USD short term trend: Month

On the daily chart, the EOS price has a downward trend. The price fell from $ 14 to $ 12.5 and a movement based on the circumference began.

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