EOS Price Prediction, Technical Analysis – August 20

EOS the 5th largest cryptocurrency by market capitalization is currently trading at $5.10 (-2.38%) as per Coinmarketcap at the time of writing this post. The 24h High is $5.3557 and 24h Low is 4.9501.

It was on a bullish move on 18th August trading at $5.6610 and then it falls. This cryptocurrency is likely to rise today on the basis of the technical details mentioned below.

EOS Price Prediction and Technical Analysis

The 10-day Exponential Moving Average is 5.1980 while the 20-day EMA is 5.7173. The 10-day Simple Moving Average is 4.9175 which suggests a buy signal. Also, the MACD and Signal line are above zero line which is a good signal and indicates a buy signal.

EOS Price Prediction and Technical Analysis – 20th August (Binance)

The support levels are $4.5, $4, $3.5 while the Resistance levels is at $5.5, $6.0, $6.5.

If we see at the 1-hour forecast then we find that EOS is in a bullish trend. Also, the Exponential Moving Average (10) is 5.1054 and EMA (20) is 5.1359. Both the 10-day and 20-day EMA suggest a buy signal. The Simple Moving Average (10) is 5.0882 which is also a good signal to buy.

This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.