tcr_thecoinrepublic

EOS Trading On Bullish Momentum 7.04% Up In The Last 24 Hours

KRAKEN:EOSUSD   EOS / U. S. Dollar
The weekly technical chart of EOS highlights a positive trend built by the coin. A sudden spike in price movements can be seen on Jan 4 the resistance zone is placed at $2.79 and the following support zone at $2.56. The price is floating above the resistance level .

The Moving Average Convergence Divergence ( MACD ) had a bullish crossover signal line on Jan 4, indicating a buying signal in the coin. The histogram also started to form tiny green bars after the crossover.

Meanwhile, the Relative Strength Index ( RSI ) with a value of 61 indicates that the coin is in a neutral phase for now and can cross above 70 to be in an overbought zone.

While looking at the Bulls Bears Power Trend Indicator, shows a bull trend of value 5.92 and bear trend of value 2.59. Indicating a neutral movement in the coin for now.

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