On September 7, 2019, the EOS price reached a low of 3074 satoshis. A rapid upward move followed. On September 9, EOS reached a high of 3841 satoshis. Since then, it has been slowly decreasing.
At the time of writing, it was trading close to 3700 satoshis.
Will EOS continue to increase or does a bearish period await? Continue reading if you are interested in finding out.
For our previous analysis, click here.
For those of you that are more interested in a video analysis, please click below:
https://www.youtube.com/watch?v=KdsUB4i-Oog

EOS Price: Trends and Highlights for September 11
- EOS/BTC broke out from a descending wedge
- There is resistance at 3850 and 4200 satoshis.
- Daily moving averages have made a bullish cross.
- The daily MACD has almost turned positive.
- EOS has finished a five-wave Elliott formation.
Previous Movement
A look at the six-hour time-frame shows that EOS recently broke out from a descending wedge.

Upward Move
Incorporating the daily moving averages (MA) and the MACD into the analysis reveals that EOS might have begun an uptrend.
EOS Price Elliott Wave
Looking at the two-hour time-frame, we can see that the upward movement has lost most of its power.

Future Movement
A possible outline of future price movement is given below.
EOS Price Summary
The EOS price recently broke out from a descending wedge. According to our analysis, it is likely to increase until it reaches the second resistance area. For hypothetical trading purposes, EOS is considered a buy near 3500 satoshis. Do you think that EOS will reach our target? Let us know in the comments below.Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile. Images are courtesy of Shutterstock, TradingView.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
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