EOSUSD Long-term Trend - Ranging
- Distribution territories: $4.50, $5, $5.50
- Accumulation territories: $2.50, $2, $1.50
EOS has been trading around the $3.5 mark this week, as it has been in the last few weeks. The cryptocurrency has also been moving close to its 14-day SMA, around said mark.
The crypto’s 50-day SMA has over time started to bend northward, while still being located beneath the 14-day SMA. The Stochastic Oscillators are at ranges 80 and 60 pointing south.
EOS has been facing resistance around the $4 mark, which has been keeping it within a specific range. The range could become a lower one if the 50-day SMA manages to surpass the 14-day SMA.
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