Will the EOS token overcome as it falls under all major DMAs?

  • The Eos token on the monthly chart trades below the major moving averages of the 20, 50, 100 and 200 day lines.
  • The crypto asset is struggling to cross over 50, 100 and 200 day lines with slightly positive volume action.
  • The EOS / BTC pair is trading positive at 0.0001036 BTC with an intraday gain of + 0.83%, and the EOS / ETH ratio is CMP at 0.001438 ETH with an intraday action of + 0.71%.

Trade view

Eos Token on the monthly chart trades under all major DMA lines as the coin seeks to regain its necessary DMA lines. The volume activity above the chart has also seen an increase in recent trading sessions. Likewise, closing day candles above the significant lines of the 50, 100 and 200 day lines with supporting volume action will encourage more buyers.

Currently the coin is struggling to regain its key DAM lines and we can see another round of bullish momentum soon if the token stays above the primary DMA level. Support on the lower side is at $ 4.45 and $ 4.10, while resistance on the higher side is at $ 5.05 and $ 5.49.

EOS token is trading sideways below the narrow range

Trade view

EOS Token trades sideways below the narrow range after falling sharply from higher levels. At the same time, the technical indicators point to a positive sentiment for the coin, which is trending up. Currently, the coin is below the tight range and both side breakouts will provide strong momentum in the upcoming trading sessions. Volume action in the 4 hour timeframe is less and needs to be improved for positive recovery or recovery. Currently, the EOS coin is trading at $ 4.82 with + 4.52% intraday action and the volume to market cap ratio is 0.3872.

Relative Strength Index (POSITIVE): EOS Token RSI is trying to move higher after testing the oversold zone on the weekly chart. In contrast, the RSI is trading slightly positive where we can see a short term rebound and now the CMP at 51.

Moving average convergence divergence (POSITIVE): The daily chart is showing a slightly positive or bullish trend over the 4 hour timeframe. At the same time, the buyer’s signal line (blue) overlays the seller’s line (orange).

Assistance levels: $ 4.45 and $ 4.10

Resistance Levels: $ 5.05 and $ 5.49.

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