EOS $EOS Price Outlook: Neutral
|$EOS Price Change|
The EOS quarterly trend is down. The quarterly trend last saw a significant spike upwards on October 14 2018 with a high of 6.0500. That was a week shy of two months ago and since then the trend has been mostly down. We have also seen temporary corrective surges upwards in the overall descending trend.
[Trend is "down" when the quarterly price movement is predominantly downwards.]
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Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is strongly bearish.
Exponential Moving Averages (EMA)
All three EMA indicators are pointing downwards. The short term EMA has taken on a much deeper slope southwards.
Relative Strength Index (RSI)
The Relative Strength Index on the four hour chart is 13.6. This is an oversold state.
The RSI is in deeply oversold territory. It last entered an oversold region two days ago on December 05 2018, and has deepened since.
[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]
Bitcoin Price Modifier
The 24 hour Bitcoin change is -10.86%. This may exert a strongly bearish influence on EOS today.
EOS $EOS Price Outlook
- the EOS $EOS price outlook is neutral
- if the price finds acceptance at higher levels the immediate resistance prints at 1.64
- if the price finds acceptance at lower levels the immediate support prints at 1.53
The author does not hold EOS $EOS at the time of writing.
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