- The EOS volume indicator showed a lively sale of sale in March.
- Beach training between $ 0.46 and $ 0.64 was a possibility.
With gains of 5.4% in 24 hours, EOS (EOS) was one of the most efficient altcoins with significant market capitalization. However, he failed to climb above the resistance level of $ 0.64.
This has raised the possibility of a range of range for the token.
EOS traders should be careful of short -term volatility
Source: EOS / USDT on tradingView
EOS tested the resistance level of $ 0.64 for the third time in March. The previous twice saw the price drop quickly to $ 0.55 or $ 0.45. It was likely that this attempt did not give a break.
The brilliant oscillator is mounted above the zero brand to report a change of momentum within a day. However, despite the gains made in the past three weeks, the CMF was much less than -0.05.
This indicated that heavy capital stems from the EOS market and the domination of the seller.
A reversal of $ 0.64 could see a beach formation materializing. This could increase prices to $ 0.55 or less in $ 0.45, both notable supports last month.
Source: Coringlass
The long / short report table has shown that long positions represented 51.4% of the volume of takers. The last time he saw such a high ratio was March 18. On March 19, EOS plunged from $ 0.67 to $ 0.56.
Consequently, it seemed likely that Monday could see a similar reversal of the level of resistance to general costs at $ 0.64.
Source: Coringlass
The 3 -month liquidation thermal card showed that the magnetic zone from 0.66 to 0.69 $ was a magnetic area that could attract higher prices.
A downward reversal appeared probable, due to the lack of purchase pressure observed on the graph of a day, as well as the action of prices on the same calendar.
Due to the high long / short ratio, traders should be careful to go for a long time. A remediation of the zone from $ 0.64 to $ 0.66 would probably give the possibility of selling the EOS token.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
