EOS, ZECUSD, CryptoCompare chart

EOS USD Medium-term Trend: Ranging

Supply levels: $19.0, $18.5, $18.0

Demand levels: $16.0, $16.5, $17.0

Last week, the EOSUSD pair was either in a bullish market or bearish market. The asset was also range bound between the levels of $20 and $15 and none of these levels was broken. EOS is currently trading at $17.66 as at the time of writing. However, from the weekly chart, the price of EOS is ranging horizontally between the levels of $20 and $16.

The price of EOS trading is the same when compared with last week’s business transactions. Another issue is that the weekly chart has a choppy price action. The pirce of EOS is not evenly distributed between the resistance level and support level. The price seems to be moving horizontally which makes trading or profit-making difficult. However, breakouts are imminent in the near future.

EOS USD Short-term Trend: Ranging

EOS, ZECUSD, CryptoCompare chart

In the daily chart, the price of EOS is in a ranging market. The price of the asset is ranging between the levels of $17.5 and $17.0. At that price level, the asset had a bullish movement which made it reach the high of $18.0. Thereafter, it continues its range bound movement. Meanwhile, the relative strength index period 14 is level 30 which indicates that the market is oversold suggesting bulls to take control of the market.

 

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