EOS Value Evaluation: Danger of Extra Losses Beneath $1



Analytics

www.livebitcoinnews.com

18 h

  

Studying time: ~2 m


  • EOS worth began a contemporary decline under the $1.10 assist towards the US Greenback.
  • The worth is now buying and selling under $1.10 and the 55 easy shifting common (4-hours).
  • There’s a main bearish development line forming with resistance close to $1.05 on the 4-hours chart of the EOS/USD pair (knowledge feed from Coinbase).
  • The pair may proceed to maneuver down if it stays under the $1.05 and $1.10 resistance ranges.

EOS worth is struggling under $1.10 towards the US Greenback, just like bitcoin. The worth stays at a danger of a pointy decline under the $1.00 assist.

EOS Value Evaluation

This previous week, EOS worth began a contemporary decline under the $1.10 zone towards the US Greenback. The worth traded under the $1.05 and $1.00 ranges to enter a bearish zone.

The pair accelerated decrease under the $1.00 assist zone and settled properly under the 55 easy shifting common (4-hours). The current low was fashioned close to $0.9411 earlier than the worth began an upside correction. There was a transfer above the $1.00 resistance zone.

The worth climbed above the 23.6% Fib retracement stage of the downward transfer from the $1.235 swing excessive to $0.9411 low. Nevertheless, the worth confronted sellers close to $1.08 and the 55 easy shifting common (4-hours).

On the upside, an instantaneous resistance is close to the $1.050 stage. There may be additionally a significant bearish development line forming with resistance close to $1.05 on the 4-hours chart of the EOS/USD pair. The following main resistance is close to $1.080 or the 50% Fib retracement stage of the downward transfer from the $1.235 swing excessive to $0.9411 low.

Any extra positive aspects may ship the worth in the direction of the $1.15 stage. On the draw back, an instantaneous assist is close to the $1.00. The following key assist is close to the $0.950 stage. If there’s a draw back break under the $0.950 assist, the worth may check the $0.920 assist within the close to time period.

EOS Value

Trying on the chart, EOS worth is now buying and selling under the $1.10 stage and the 55 easy shifting common (4-hours). Total, the worth may proceed to maneuver down if it stays under the $1.05 and $1.10 resistance ranges.

Technical indicators

4-hours MACD – The MACD for EOS/USD is gaining tempo within the bearish zone.

4-hours RSI (Relative Energy Index) – The RSI is now properly under the 50 stage.

Main Assist Ranges – $1.000 and $0.950.

Main Resistance Ranges – $1.05 and $1.15.




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