EOS Price Prediction: EOS will try to push higher

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EOS price prediction – September 11
The trading situation in the EOS business shows that it is trying to increase the value of the US currency. Over the past fifty-two weeks, the crypto price has seen a low and high of $0.8232 and $1.89 value lines. The crypto economy is trading around the $1.77 line with an average positive of 1.79%.

EOS price statistics:
EOS price now – $1.77
EOS market value – 1.8 billion dollars
EOS circulation supply – 1 million
The total supply of EOS – 1.1 billion
Coinmarketcap Rank – #35

EOS / Dollar market
Key steps:
Resistance levels: $2, $2.25, $2.50
Support levels: $1.40, $1.20, $1

EOS / USD – daily chart
The EOS/USD daily chart shows the crypto economy’s price tests to rise above the SMAs trend lines. Currently, the 14-day SMA indicator is at $1.53 above the 50-day SMA indicator price line at $1.43. A bullish trend line is strategically drawn to touch the bottom line that each bullish candlestick has crossed. The Stochastic Oscillators entered the overbought range to reach the 87.62 and 97.93 range values.

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What is the current trend in EOS/USD trading activity?

As of the time of writing this analysis, the prevailing view in the EOS/USD trade is that there are still some upward forces to the north trying to push the cryptocurrency higher. A major focus should be placed on the $2 resistance level, ensuring a sustained break from the current bullish moves. If that assumption is true, long positions may be allowed to buy orders five days in advance only to run a tracking mechanism.

On the downside of the technical analysis, as the market price moves higher, the sell order can be blocked around the trading position of candlesticks with high resistance. After a days work, the 4-hour and 1-hour time frames can be useful for getting early price action, which can lead to good sales later. Sellers should monitor the additional status between them before it is executed.

EOS / BTC price analysis

Despite the ups and downs in the SMAs’ buy signal side, EOS’s trending weight relative to Bitcoin has maintained its northward outlook. The 14-day SMA indicator is above the 50-day SMA indicator. A bullish trend line is drawn along the minor SMA. Stochastic Oscillators have moved northward from the initial oversold range and now crossed slightly southward to the 43.33 and 35.93 range points. This suggests that the underlying crypto may be undervalued for some time compared to counter trading.

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