EOS price-level rejected 50-day ema, but confirmation awaited for short term bearish trend reversal.
EOS unable to sustain previous week closing and and slips below $1,meanwhile volume profile indicates mild bullishness
Super trend generated fresh sell signal and RSI reversed from overbought levels
EOS prices had been in a positive momentum from the past few weeks but recently prices lacked momentum on higher levels which is treated as either a retracement or a short term trend reversal. Currently, EOS down by 3.19% on a intraday basis and 24H volume to market cap ratio stood at 0.1377
Higher time frame narrative
Source : EOS/USDT daily chart by Tradingview
On a larger time frame ,EOS prices had been quite volatile and disappointed investors in terms of returns. In the beginning of July month EOS picked up upside momentum and prices shot up almost 90% in a short span of time, later it faced resistance at $1.815 forming a double top pattern and lost all the previous gains in the pa
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