EOS/USD Price Analysis: Trends of September 24–30, 2018

2018-9-24 19:18

Key Highlights Formation of “Pennant” pattern confirmed on the daily and 4H chart; the price might go down this week; traders should take position patiently. EOS/USD Long-term Trend: Bullish

Resistance levels: $6.8, $9.4, $11.4
Support levels: $4.1, $2.0, $0.5EOS/USD is in a bullish trend in its long-term outlook. The strong bearish pressure was lost after a drop in the price towards the support level of $4.1 last week. The attempt to break lower below the support level of $4.1 was lost and the price closed higher. More buyers came in with more pressure by massive formation of bullish candles and the price was rallied to the north, pushed the price upward and broke the dynamic resistance of 50-day EMA.

As at present the price has formed a “pennant” pattern on the daily chart which suggests the probability for the price to fall toward support level of $4.1. In case the bulls increase their pressure the price will rise towards the resistance level of $6.8. The Stochastic Oscillator Period 14 on the daily chart is above the level 80 (oversold level), with its signal lines pointing downwards, which indicates the probability of a bearish movement this week.

EOS/USD Price Medium-term Trend: Bullish

The cryptocurrency on the medium term is bullish. The price moved upward with the formation of more bullish candles and crossed over 50-day EMA together with 10-day EMA, which indicates that bulls were taking control of the market. The price still ranging within the boundaries of the resistance level at $6.8 and the support level at $4.1.The coin is bullish within the channel on the medium-term outlook with the formation of more bullish candles. It has formed “Pennant” pattern which indicates that there may be decreased in price this week.

The Stochastic Oscillator Period 14 on the 4-hour chart is below 50 levels with its signal lines pointing towards the south suggesting a decrease in price which may be temporary. Traders should take position patiently.

The post EOS/USD Price Analysis: Trends of September 24–30, 2018 appeared first on CoinSpeaker.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

CK USD (CKUSD) на Currencies.ru

$ 0.2153 (+0.52%)
Объем 24H $0
Изменеия 24h: 0.67 %, 7d: -2.33 %
Cегодня L: $0.2128 - H: $0.2153
Капитализация $0 Rank 3492
Цена в час новости $ 0.9857 (-78.16%)

price eos 2018 september usd analysis trends

Источник: coinspeaker.com

price eos → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

EOS Price Analysis: EOS/USD Trends of November 5-11, 2018

CoinSpeaker EOS Price Analysis: EOS/USD Trends of November 5-11, 2018 EOS price will sink to the lows of $4. 6 if the bears break down the support level of $5. 2, also a bullish breakout will ensure that the resistance level at $6.

EOS Price Analysis: EOS/USD Trends of October 22-28, 2018

Before EOS can return to its uptrend movement, the bulls will have to increase their momentum, push the EOS price above the resistance level of $6.3 and sustain it. The post EOS Price Analysis: EOS/USD Trends of October 22-28, 2018 appeared first on CoinSpeaker.

EOS/USD Price Analysis: Trends of September 17–23, 2018

The price is forming the last part of the “W” pattern which connotes the possibility of the price increases toward the resistance level of $6.8 and there is a possibility for a breakout. The post EOS/USD Price Analysis: Trends of September 17–23, 2018 appeared first on CoinSpeaker.