Market May Be Entering Into Bullish Trend

EOS/USD Launched from the support level of $15.48 on the 16th/17th of June. The Uptrend continued for a very long time. It spanned from that June to the 15th and 16th of August. The long-term bullish market ended at the resistant level of $19.64 on the 16th. From the 16th of August to the 28th of September (This was not as long as the previous bullish trend) the EOS market is showing signs that the bullish market is about to start.

EOS Market Price Statistic:

• EOS/USD price now: $15.7
• EOS /USD market cap: $1,189,027,412
• EOS/USD circulating supply: 1,000,000,000
• EOS/USD total supply:1.061,006,819
• EOS /USD coin market ranking: #44

Key Levels

• Resistance: $ 16,00, $16.50 $17.43
•  Support: $15.00 $14.50, $14.00

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EOS Market Price Analysis: The Indicators’ Point of View

The Bollinger band indicator is in support of this sentiment. As the price has started to move out of the lower band of the indicator since the 22nd of September, it has been indicating that the trend of the market might soon reverse. This is eventually coming true as the price is retracing its position back into the Bollinger band. The outlook of today’s candle is very bullish and very promising. The MACD line is slowing down and now trying to change direction. Also, the negative histogram is showing signs of bullish recovery. The RSI line is in the Oversold and it is trying to retrace an upper level at 28.55%.

EOS/USD 4-Hour Chart Outlook 

 From this point of view, we can see a small level of a faceoff between bears and bulls in the market. Both the buyers and the sellers did not input much pressure on the market. the first session was opened and closed at the same price. The impressive market movement we see only came up in the second session. In the third session, there was a very small amount of selling activities in the market. Right now, the market just remains fixed at $15.7

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