EOS/USD Price Analysis: Trends of September 10 – 16, 2018

2018-9-10 15:21

Key Highlights

Formation of “tweezers bottom” candles confirmed on the daily chart;
The price might go up this week;
A retest of the support level of $4.1 is possible.

EOS/USD Long-term Trend: Bearish

Resistance levels: $6.8, $9.4, $11.4
Support levels: $4.1, $2.0, $0.5

EOS/USD made an attempt to push higher last week above the resistance level of $6.8 but closed lower towards the support level of $4.1 with the formation of a strong bearish candle. More pressure from the seller pushed the price downward and was unable to break the nearest support level of $4.1. The price has kept ranging within the resistance level of $6.8 and support level of $4.1 on the daily charts for more than three weeks. If bears hold on the current price range, the current market situation will persist. Last week was bearish. As at present the price formed “tweezers bottom” candle which connotes the possibility of the price increase this week

The Stochastic Oscillator Period 14 on the daily chart is at oversold, below the level 20, with its signal lines pointing upwards, which indicates the probability of a bullish movement this week should the support level of $4.1 holds.

EOS/USD Price Medium-term Trend: Bearish

The coin is bearish on the medium-term outlook. The price has been moving downward with the formation of more bearish candles, which indicates that bears were in control of the price last week. Looking at the support and resistance levels, the price is currently hovering within the boundaries of the resistance level at $6.8 and the support level at $4.1. It would take a strong directional movement for the price to leave the boundaries. As the current position of the Stochastic oscillator suggests a temporal rise in momentum.

The 10-day EMA has crossed the 50-day EMA downward with the price below the 10-day EMA, confirming the downtrend. Should EOS price go up to the resistance level at $6.8 and produce a bullish pattern, then upward movement could be anticipated. A retest of the support level of $4.1 is possible.

Disclaimer: The views and opinions expressed here do not reflect that of Coinspeaker.com and do not constitute financial advice. Always do your own research. The charts for the analysis are provided by TradingView

The post EOS/USD Price Analysis: Trends of September 10 – 16, 2018 appeared first on CoinSpeaker.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Level Up Coin (LUC) на Currencies.ru

$ 0 (+0.68%)
Объем 24H $0
Изменеия 24h: 1.94 %, 7d: 12.29 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020408 (-100%)

price 2018 eos boundaries level usd trends

price 2018 → Результатов: 126


Фото:

DPW Holdings New Hydroelectric Dam Is A Crypto Mining Revolution

Valatie Falls Hydroelectric Dam, New York, is set to see a new life within cryptocurrency mining, after firm DPW Holdings Inc made a bid to purchase the aging dam in March 2018. This will see a new cryptocurrency mining branch open up within DPW Holdings, a brave move considering the falling profitability of cryptocurrency mining as a result of depleting values from currencies such as Bitcoin and Litecoin and of course, an increase in the price of energy and mining equipment.

2018-8-28 14:00


Big Think Media Publication Says Bitcoin Mainstream Adoption is Closer Than Ever Before

2017 marked the year for cryptocurrencies, as Bitcoin’s price jumped from USD$970 to over USD$19,000, which is approximately a growth of 1900%. Unfortunately, similar trends were not successfully carried over to 2018, as Bitcoin dropped to a third of its all-time high, with both altcoins and the total market capitalization getting hard hits. A recent […]

2018-8-27 19:45


Фото:

Bank of America Interested in Cryptocurrency Storage Patent

Cryptocurrency–Despite the lack of positive price movement in the cryptomarkets over the preceding weeks, adoption and recognition for the industry continues to climb. While 2018 has the makings to be remembered as the worst bear cycle in the lifetime of crypto, many pundits within the industry have been keen to point out that adoption for […] The post Bank of America Interested in Cryptocurrency Storage Patent appeared first on Ethereum World News.

2018-8-25 21:06


Фото:

Price Swings Can’t Stall the Growth of the Crypto Space, Says Ethereum Cofounder Joseph Lubin

The downward spiral of a journey that the global crypto market has embarked on since the beginning of 2018 is expectedly making a lot of investors and industry stakeholders uneasy. But not Joseph Lubin, the co-founder of Ethereum, who seems convinced that plummeting prices are nowhere near bad enough to jeopardize the growth of the […] Price Swings Can’t Stall the Growth of the Crypto Space, Says Ethereum Cofounder Joseph Lubin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-18 17:09


Фото:

Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis)

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin  spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly Read More The post Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis) appeared first on Bitcoinist.com.

2018-8-16 13:00