TL; DR Breakdown The five-day EOS price analysis chart began in bullish momentum. At the time of writing, the bears seem to have invaded the market, making the prices trade bearish.The MACD line has crossed below the red signal line meaning the EOS/USD market is controlled by sellers. EOS price analysis: General rice overview The five-day EOS price analysis chart began in bullish momentum. The bulls had dominated the crypto market, sending the prices upwards in a rising wedge trend. The Bollinger bands are very narrow on the 5-day EOS price analysis chart, implying that the coin has low volatility hence the narrow Bollinger bands. EOS/USD price is lying near the upper band, meaning that the coin is showing a slightly bullish trend. The 20-day Moving Average has crossed above the 200-day Moving Average, suggesting EOS/USD price is moderately optimistic in certain areas on the 5-day price chart. Despite being bearish, buyers have not yet been entirely driven out of the market; nevertheless, they are now in it but at a reduced number than sellers. The green bars on the five-day EOS price analysis chart are more than the red bars, indicating that buying pressure exceeds selling. EOS price movement in the last 24 hours: Bull dominance The buyers took control of the market towards the closure of yesterday’s price analysis chart sending the price to the intraday highs. However, this positive trend was cut short as soon as the ...
