Like with the rest of the coins, the increase of the total market capitalization and the higher trading volumes than usual, have brought the price of EOS above the 20 days Moving Average on the 8th of February and a bullish trend (on a 1D chart) has begun.
This growth of 0.70$ (or 29%) was registered in only 5 days and it was announced on the 8th of February by the Stochastic's "fast" line which went above the "slow" one, showing a change in the price direction would appear, but also by the MACD which departed from the Signal line and stabilized at the top.
At this stage, only the MACD seems to be constant in showing that the trend may continue while the rest are showing the opposite, as it follows :
* The RSI is 62, closer than before to the "overbought" level of 70 and it's current position is suggesting that the chances to see another aggressive movement in the near future are quite low;
* The Stochastic's Moving Averages are both above the level of 80, meaning that the price is considered "overbought" and on top on this, we also have a crossover which is indicating a possible change in the price direction;
* The upper standard deviation of the Bollinger Bands has been reached and this is also considered as another "overbought" rating for the price;
* On the other hand, the trading volumes are lower for now and we also have to consider the previous 5 failed attempts of the price of going above the level of 3.01$.
Based on the actual circumstances, the price has more chances to reach the Pivot Level of 2.67$ in the upcoming days.
This growth of 0.70$ (or 29%) was registered in only 5 days and it was announced on the 8th of February by the Stochastic's "fast" line which went above the "slow" one, showing a change in the price direction would appear, but also by the MACD which departed from the Signal line and stabilized at the top.
At this stage, only the MACD seems to be constant in showing that the trend may continue while the rest are showing the opposite, as it follows :
* The RSI is 62, closer than before to the "overbought" level of 70 and it's current position is suggesting that the chances to see another aggressive movement in the near future are quite low;
* The Stochastic's Moving Averages are both above the level of 80, meaning that the price is considered "overbought" and on top on this, we also have a crossover which is indicating a possible change in the price direction;
* The upper standard deviation of the Bollinger Bands has been reached and this is also considered as another "overbought" rating for the price;
* On the other hand, the trading volumes are lower for now and we also have to consider the previous 5 failed attempts of the price of going above the level of 3.01$.
Based on the actual circumstances, the price has more chances to reach the Pivot Level of 2.67$ in the upcoming days.
