EOSUSD to see a slight uptrend(1D) | Price to break midline

Market in last 1 week

• EOSUSD saw a downtrend followed by price consolidation breaking the midline
  
• Price volatility was very high. The market moved ~7.71%, between $2.68 and $2.49
  

Today’s Trend analysis

• EOSUSD expected to see a slight uptrend as the price after rising inside the bands started to increase and expected to continue further after breaking the midline
  
• Price at time of publishing: $2.584
  
• EOS’s market cap: $2.43 Billion
  
• Oscillator indicators are mostly neutral. RSI at 46
  
• Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull Moving Average indicating a buying opportunity
  
• Volume indicators saw a similar value for blue candles while relatively high values for red candles with the value being less than the 20-candle moving average
  

Price expected to see a slight uptrend as the price after rising inside the bands started to increase and expected to continue further after breaking the midline. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size decreasing in the positive region, suggesting bullish bias. RSI at 46, in the neutral region below the midline. CCI is around 0, in the neutral region. Another interesting point to notice here is that the volume indicators saw a similar value for blue candles while relatively high values for red candles suggesting a bearish momentum.
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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.

DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.

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

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- Mudrex