EOS Price Analysis and Prediction: EOS Recovers Slightly
Relative Strength Index: The RSI at the time of writing is at a healthy 51 points. It's slightly higher than last night's meaning the market was able to gain some strength and has more power for a move. The RSI broke through the upper bounds earlier today when EOS price jumped from $3.8 to $4.2 but has since stabilized.
Bollinger Bands: The priceline is currently approaching the lower band meaning the market should recover upwards slightly. The EOS market has been respecting the BB indicator quite well so it's unlikely that a sudden move downwards will follow anytime soon.
EOS Price Prediction
Yesterday, we predicted that EOS will either see sideways trading or a move upwards. Lo and behold our prediction came true when EOS jumped to $4.1 from it's yesterdays level of sub $4. Today things are still looking good and sideways trading for the next few hours is likely. Both the indicators are signalling somewhat bullish momentum but that can also be negated if Bitcoin makes a sudden move downwards. As always, keep a close eye on Bitcoin as most altcoin markets are still closely following their grandfather.
Read Full EOS Price Analysis
Bollinger Bands: The priceline is currently approaching the lower band meaning the market should recover upwards slightly. The EOS market has been respecting the BB indicator quite well so it's unlikely that a sudden move downwards will follow anytime soon.
EOS Price Prediction
Yesterday, we predicted that EOS will either see sideways trading or a move upwards. Lo and behold our prediction came true when EOS jumped to $4.1 from it's yesterdays level of sub $4. Today things are still looking good and sideways trading for the next few hours is likely. Both the indicators are signalling somewhat bullish momentum but that can also be negated if Bitcoin makes a sudden move downwards. As always, keep a close eye on Bitcoin as most altcoin markets are still closely following their grandfather.
Read Full EOS Price Analysis
