EOSUSD to see a continued uptrend(1D) | Higher lows observed

Market in last 1 week

• EOSUSD saw an uptrend with the price riding the upper band
  
• Price volatility was very high. The market moved ~35.37%, between $3.322 and $2.454
  

Today’s Trend analysis

• EOSUSD expected to see an uptrend as higher lows were observed with Bollinger band expansion and midline acting as support
  
• Price at time of publishing: $3.308
  
• EOS’s market cap: $3.09 Billion
  
• Oscillator indicators are mostly neutral. RSI at 72
  
• Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral and Hull Moving Average indicating a buying opportunity
  
• Volume indicators observed an increase in value as the price increased while a decrease in volume was observed with a decline in price
  

Price expected to see an uptrend as higher lows were observed with Bollinger band expansion and midline acting as support. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size increasing in the positive region, suggesting bullish bias. RSI at 72, in the overbought region indicating a downtrend soon. CCI is around 236, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume indicators observed an increase in value as the price increased while a decrease in volume was observed with a decline in price indicating a strengthening buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.

Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .

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- Mudrex