EOS price analysis: EOS down to $4.5 in bearish strike

TL;DR Breakdown EOS price analysis reveals that the bearish trend has engulfed the cryptocurrency.Current support is found at the $4.54 mark.Current resistance is found at the $4.61 mark. EOS price analysis chart shows that the altcoin is engulfed in a bearish strike following the major pattern of the cryptocurrency market today. King Bitcoin went into a head and shoulder movement carrying the smaller altcoins with it. However, most of the altcoins are emerging with bearish drops in their price, including EOS. The price fell from $4.681 to the $4.543 mark. At the time of writing, the price has recovered slightly to the $4.582 mark. EOS price analysis 1-day chart showing bearish trend The one-day EOS price analysis chart shows that the bearish signs are controlling the current market after a head and shoulder movement that is keeping the whole market hostage at the time of writing. The chart shows increased volatility, with the upper Bollinger band present at the $6.09 mark. While the lower Bollinger band is found at the $4.15 mark. ETH/USD 1-day candlestick price chart. Source Trading View The Bollinger bands’ average and the nine-day moving averages pose strong resistance to the altcoin. The Bollinger bands’ average is found at the $5.12 mark in the resistance section, while the nine-day MA is positioned at the $5.07 mark. The relative strength index is at a neutral score of 43.29 providing ample opportunity for...