EOS Price Analysis – January 4
- The medium and short-term outlook is in a bullish trend
- Traders may consider buying at key area with bullish reversal candle as confirmation.
EOS chart by tradingviewEOSUSD Price Medium-term Trend: Bullish
EOS remains in a bullish trend in its medium-term outlook. The bearish pressure from the doji and yesterday opening session was lost at the 50.0 fib area which was at $2.67 in the demand area. This was around the 50-EMA.
The bulls gradually return before the end of yesterday session and pushed EOSUSD up at $2.76 in the supply area. increased momentum the crypto at $2.85 in the supply area which was at the 23.6 fib area.
With price above the 50-EMA and the stochastic oscillator at 28%, the bulls still remain in control a retest and subsequent breakout at $3.00 in the supply area in the medium-term probable.
EOSUSD Price Short-term Trend: Bullish
EOS chart by tradingviewEOS remains in a bullish trend in its short-term outlook. The bulls resume upward price movement yesterday 3rd January after each touch at the key demand area around the $2.70. EOSUSD was up at $2.85 in the supply area before a drop to the key demand area by the bearish pressure.
The bulls are gradually staging a comeback at the key demand area for a bounce to the upside.
The stochastic oscillator is in the oversold region at 13% and its signal pointing up an indication of upward momentum in the cryptocurrency price in the short-term.
The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.
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