EOS Price Analysis – March 27

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  • EOS can now go back to $4.05, with a correction being necessary for EOS to keep moving up.
  • Its price is above both EMAs and the Stochastic Oscillator is at 88 in the overbought region.

EOS, EOSUSD,EOS chart by TradingView

EOSUSD Price Medium-term Trend: Bullish

  • Supply zones: $9.00, $10.00, $11.00
  • Demand zones: $2.00, $1.00, $0.50

EOS is in an uptrend its medium-term outlook. A break over its 10-dayEMA meant the bulls were taking over within the range, and its sustained momentum saw the cryptocurrency rise to $3.76.

With a large engulfing candle at $3.78 today’s opening candle, bullish pressure saw EOS rise to over $4, before facing a minor pull back that saw it remain within that mark. Its price is still above its Ems and its Stochastic Oscillators is pointing at 81, showing strong bullish momentum.

EOSUSD Price Short-term Trend: Bullish

EOS, EOSUSD,EOS chart by TradingView

EOS is in a bullish trend in its short-term outlook. After touching the $3.60 the demand area on  March 25, a railroad formation announced a pullback. Sustained momentum saw it break the $3.7 yesterday, and with today’s opening candles EOS rose to nearly $4.2 due to strong bullish pressure.

It can now go back to $4.05, with a correction being necessary for EOS to keep moving up. Its price is above both EMAs and the Stochastic Oscillator is at 88 in the overbought region.

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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