|$EOS Price Change|
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Trend is "down" when the weekly price movement is predominantly downwards.
Descent from Opening Price
Today’s low of $2.52 is a 2018 yearly low for $EOS. There is no Binance historical data for this price range. CoinMarketCap prints an $EOS new listing high of about $4.56 on July 02 2017. This soon fell off to $2.89 on July 05 2017. Seeking a comparable price we next see $EOS descend to $1.61, plateau for some weeks and then bottom out at forty-eight cents on October 03 2017.
The Ascent to $7.51
CoinMarketCap pegs the $EOS ascent price on a dip at $1.77 on November 24 2017. On the next ascent dip on November 30 2017 the $EOS price prints $2.61.
If we can rely on these historical precedents – which more than a year later is a very big if – then we can guesstimate the next low at $2.61, which is about where the price is now. If history is any indicator, the price will form key support at or near this price.
Should bitcoin and market dynamics find price acceptance at lower levels, then historically we have only the lows at $1.61 and then $0.48 cents to rely on – as far as recorded prices go.
Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is bearish.
Exponential Moving Averages (EMA)
Twelve hours ago (on the four hour chart) the short term EMA crossed the medium term EMA and was heading up. The three sessions since then saw the EMA turn slightly back down. This is a bearish indicator.
Relative Strength Index (RSI)
The Relative Strength Index on the one hour chart is 18.0. This is an oversold state.
Bitcoin Price Modifier
The 24 hour Bitcoin change is -6.59%. This may exert a bearish influence on EOS today.
24 Hour EOS $EOS Price Outlook
- the twenty-four hour EOS $EOS price outlook is bearish
- if the price finds acceptance at higher levels then key resistance is historically found at $2.89
- if the price finds acceptance at lower levels then key support is historically found at $2.61
The author does not hold EOS $EOS at the time of writing.
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