EOS Price Drop Slows but Are We Due for Another?

2018-8-13 17:03

EOS has been hit particularly hard during the recent market downturns. It has been underperforming Bitcoin in both price drops and gains and has continually dropped through what are meant to be key support levels. It is trading at just a fraction of what it was when the mainnet launched. The last two important support levels that prices broke through were $7 and the $5.5. Although RSI is in oversold territory it continues to form lower lows with selling pressure remaining strong. The next significant support level will be around the $4.5 point.

EOS Daily Chart

The hourly 50EMA has been acting as significant resistance for some while with price action struggling to close above. It is hard to find any reason for a bullish outlook with EOS given that when the overall market is performing well, EOS has been underperforming. The MACD is forming a centreline crossover to the upside which is a typical bullish signal but amid the strong selling pressure, it is unlikely to have any positive impact.

EOS Hourly Chart

Key Takeaways:

EOS has been underperforming Bitcoin both when the market is rising and falling EOS price trading at a fraction of what it was when the mainnet launched RSI forming lower lows with selling pressure remaining strong MACD performing centreline crossover to the upside on the hourly chart but unlikely to have much impact Hourly 50EMA acting as dynamic resistance DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

EOS Price Drop Slows but Are We Due for Another? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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EOS (EOS) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.9581
Капитализация $0 Rank 99999
Цена в час новости $ 5.0008 (-100%)

eos price slows support drop bitcoin due

Источник: blokt.com

eos price → Результатов: 126


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