EOS price analysis: EOS/USD climbs steadily out of the oversold zone

  • EOS/USD has gone up from $3.27 to $3.33 this Monday.
  • The Elliott oscillator shows two straight bullish sessions.

EOS/USD had a bullish Monday wherein the price went up from $3.27 to $3.33. The price has gone up further to $3.34 this Tuesday. The hourly chartshows that price faced resistance around $3.27 and fell to $3.23. The price then buoyed up to $3.35, where it met resistance and fell slightly to $3.33. This Tuesday, the price went up to $3.35, where it met resistance and fell to $3.34.

The EOS/USD price is currently trying to negotiate with the resistance offered by the downward trending line. The 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves. The 20-day Bollinger jaw has constricted showing decreasing market volatility.

https://www.fxstreet.com/cryptocurrencies/news/eos-price-analysis-eos-usd-climbs-steadily-out-of-the-oversold-zone-201909030445

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