2018-9-1 17:18 |
EOS is the biggest gainer over the past 24 hours out of the top ten cryptocurrencies. Even with Bitcoin undergoing its third consecutive loss, EOS is rising. EOS has recorded a strong week. Over the course of three days, price underwent an increase of 30%. This is a stark difference from some weeks ago when price underwent a strong downward spiral. It looked for a long time like the price was going to continue to depreciate as investors reevaluate the fundamental utility of the project.
Even on days when the whole cryptocurrency market was gaining, EOS was recording losses. However, the past week paints a more bullish outlook for EOS with price and RSI forming higher highs and higher lows. Gains have also been on higher volume showing strength behind the buyers. We also are seeing the daily MACD approach a centerline crossover to the upside which is a strong bullish signal. $7 will be a key level for EOS to overcome if the price continues to appreciate.
Bitcoin Daily ChartThe hourly chart shows the volatile price swings EOS has been experiencing over the past few days. As Bitcoin and other cryptos have been suffering losses, EOS has been undergoing some swing but appreciating day-on-day. During the week, EOS underwent consecutive bull flag patterns. After experiencing a short reversal, the price has returned to making higher highs and higher lows. Outlook is short-term bullish. Longer-term depends on the direction of the overall market.
EOS Hourly Chart Key Takeaways: EOS is the biggest gainer in the top ten today after recording a week of large appreciations. Has been undergoing some volatile swings over the past 24 hours but is back to forming higher highs and higher lows. The technicals on the daily look bullish with the MACD approaching a centerline crossover to the upside. 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 Is Biggest Gainer Out of the Top Ten Cryptocurrencies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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