EOS Price Analysis – September 21

Azeez Mustapha
  • The bulls area fully in control of the medium and short-term outlook
  • Traders could consider buying at demand areas with bullish candle reversal pattern as confirmation.

Eos, EOSUSD, Cryptocompare chartEOS Chart by TradingView

EOSUSD Price Medium-term Trend: Bullish

Supply zones: $9.00, $10.00, $11.00

Demand zones: $3.00, $2.00, $1.00

EOS continues in a bullish trend in its medium-term outlook. The bullish target of $5.50 of yesterday's analysis was attained as the strong bullish pressure continued in the medium term. The price went further to $5.95 in the supply area yesterday.

The price is above the two EMAs crossover and the EMAs are fanned apart which means strength in the context of the uptrend.

As more candles form and close above the crossover due to the increased bullish momentum, $6.20 in the supply area may be the bulls' target with the W formation still valid in the medium-term.

EOSUSD Price Short-term Trend: Bullish

  Eos, EOSUSD, Cryptocompare chartEOS Chart by TradingView

The cryptocurrency continues in a bullish trend in its short-term outlook. The strong bullish pressure was sustained as the bulls staged a comeback from the 23.6 fib level, a trend continuation zone and took EOS initially to $5.63 and later to $5.95 in the supply area.

The price is forming higher highs and higher lows. With the EMAs fanned apart, which indicates strength in the uptrend, new highs may be attained in the short-term.

 

 

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