HomeBitcoin NewsEOS Value Evaluation: Key Hurdle Close to $2.6

EOS Value Evaluation: Key Hurdle Close to $2.6

-

  • EOS worth began a recent enhance above the $2.40 resistance zone towards the US Greenback.
  • The worth is now buying and selling close to $2.50 and the 55 easy shifting common (4-hours).
  • There’s a short-term rising channel forming with help close to $2.48 on the 4-hours chart of the EOS/USD pair (information feed from Coinbase).
  • The pair might lengthen enhance if it clears the $2.60 resistance zone.

EOS worth is displaying bullish indicators above $2.45 towards the US Greenback, much like bitcoin. The worth might proceed to rise until there’s a clear transfer under $2.45.

EOS Value Evaluation

This previous week, EOS worth noticed a good enhance from the $2.32 help zone towards the US Greenback. The worth was in a position to clear the $2.40 and $2.42 resistance ranges.

The worth spiked above the $2.50 degree and the 55 easy shifting common (4-hours). Moreover, there was a transfer above the 50% Fib retracement degree of the important thing decline from the $2.77 swing excessive to $2.31 low. Nonetheless, the worth confronted a robust resistance close to the $2.60 degree.

It struggled to clear the 61.8% Fib retracement degree of the important thing decline from the $2.77 swing excessive to $2.31 low. It’s now consolidating close to $2.50 and the 55 easy shifting common (4-hours). On the draw back, the primary main help is close to the $2.48 degree.

There’s additionally a short-term rising channel forming with help close to $2.48 on the 4-hours chart of the EOS/USD pair. The following help is now forming close to the $2.450 zone. If there’s a draw back break under $2.45, the worth would possibly drop to $2.32.

Any extra losses would possibly name for a transfer in direction of the $2.25 degree within the close to time period. An preliminary resistance on the upside is close to the $2.55 degree. The primary resistance remains to be close to the $2.60 degree.

A transparent transfer above the $2.60 degree is required to achieve bullish momentum within the close to time period. The following main resistance is close to $2.76, above which the worth might rise to $3.00.

EOS Value

Trying on the chart, EOS worth is now buying and selling close to $2.50 and the 55 easy shifting common (4-hours). Total, the worth might lengthen enhance if it clears the $2.60 resistance zone.

Technical indicators

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

4-hours RSI (Relative Energy Index) – The RSI is now above the 50 degree.

Main Help Ranges – $2.45 and $2.32.

Main Resistance Ranges – $2.60 and $2.76.

Tags: EOS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Creators of the Cool Cats NFT Collection Sign With Leading Talent Agency CAA – Bitcoin News

According to a report released on Friday, the creators of the non-fungible token (NFT) collection Cool Cats have signed a deal with the American talent...

Bank of England and regulators assess crypto regulation in raft of new reports

The Bank of England Financial Policy Committee and other U.K. regulators are assessing crypto regulation after publishing reports on financial stability relating to crypto assets...

Quant Explains How Stablecoin Ratio Can Give Bitcoin Buy Or Sell Signals

A quant has explained how the data of the stablecoin supply ratio (SSR) may be used to find Bitcoin buy or sell signals. Stablecoin Supply Ratio...

Bitcoin value rejection at $39K and mounting regulatory considerations tank the market once more

Volatility and uneven value motion continued to dominate the cryptocurrency market on March 7 and information that United States President Joe Biden plans to sign...

Most Popular