TL; DR Breakdown 5-day price analysis chart began off with the bears controlling the market.The RSI is at 60, and it points towards the overbought region.The MACD line repeatedly crossed over the red line on the four-hour price analysis chart. EOS price analysis: General price overview 5-day EOS price analysis chart began off with the bears controlling the market. Strong pressure from the buyers caused the price to trade in an upward momentum facing slight bear resistance and picking off the bullish trend. The Bollinger bands are wide most parts of the five-day price analysis chart, suggesting the coin is bullish in most trading sessions. The EOS/USD pair maintained its upswing yesterday. However, the coin was in a powerful bear trend during yesterday’s EOS price analysis. This bearish movement reversed when the EOS/USD daily price analysis chart began, pushing prices upward and forming head and shoulder trends to the intraday highs at $4.7. It encountered Sellers control the cryptocurrency space; as a result, most of the digital assets are trading in a bearish trend. Source: Coin360 The largest digital currency, BTC, is trading a few dollars above $45K at a drop of more than one percent. Before the recent price dip occurred, Bitcoin was trading in a bullish trend, and it had surpassed its target of $50K. Bitcoin’s closest competitor ETH trades at $3.2K recording a more than three percent price drop from yesterday’s pr...
