EOS Price Analysis – September 12

Azeez Mustapha

Eos, EOSUSD, Cryptocompare chartEOS Chart by TradingView

EOSUSD Price Medium-term Trend: Ranging

Supply zones: $9.00, $10.00, $11.00

Demand zones: $3.00, $2.00, $1.00

EOS continues ranging in the medium-term outlook. The stochastic oscillator is at 34%. It signal points down which imply downward bearish pressure may occur within the range in the medium-term.

EOS remains in consolidation and trading between $5.24 in the upper supply area and at $4.68 in the lower demand area. Traders should be patient for either a breakout at the upper supply area or a breakdown at the lower demand before taking a position.

EOSUSD Price Short-term Trend: Ranging

Eos, EOSUSD, Cryptocompare chartEOS Chart by TradingView

The cryptocurrency is still ranging in its short-term outlook. Price was up $5.04 in the supply area before the end of yesterday trading session.

The 1-hour opening candle at $4.99  was bearish and price was down to $4.77 in the demand area earlier today as the cryptocurrency consolidates. EOS is still ranging and trading between $5.09 in the upper supply area and at $4.75 in the lower demand area. Patience is key at this period of consolidation for a defined trend after a breakout or a breakdown.

 

 

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