Meet again with me Wahyu Nahrul, This time I want to make a brief technical analysis of a cryptocurrency chart, the analysis I made is based on my experience and knowledge.

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Alright, let's get straight into the discussion, Happy reading!!

EOS Analysis

Today, January 22, 2024, I will try to technically analyze the price movement of EOS.

SOURCE: TradingView

If we look at the price movement of EOS in general, we can see that EOS is in a very deep bearish phase. We can see this in the pattern of the EOS price movement in the chart above where if we look closely, the candlestick tends to move downwards.

SOURCE: TradingView

This is confirmed by the EMA Indicator with a Death Cross occurring between the 100 EMA and 200 EMA.

SOURCE: TradingView

The ADX indicator also gave further confirmation with the presence of a cross between the two DI lines where the DI- the line moved above the DI+ line.

SOURCE: TradingView

The RSI shows that the oversold moment that occurred on EOS a few days ago has ended, this is indicated by the movement of the RSI line away from the Lower Band.

Disclaimer: