EOS: Price Analysis, October 24


The intraday range in EOS has shrunk in the past few days. The moving averages and the price are all bundled close to each other, with the RSI close to the neutral territory. This shows a lack of either buying or selling interest from the market participants.


This extremely low volatility is unlikely to continue for long. Soon, the price will either jump up or plunge from the current levels.

If the prices move up, a breakout and close (UTC time frame) above $6.8299 can be purchased. However, if the EOS/USD pair declines from the current levels, a fall to $4.493 and $3.8723 is probable. Traders can keep the stop loss on their existing positions at $4.9.

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