EOS price rallied sharply above the $5.270 and $5.780 resistance levels against the US Dollar.
The price jumped above $6.500 and traded towards the $6.950 and $7.000 resistances.
There is a major bullish trend line forming with support near $6.220 on the 4-hours chart of the EOS/USD pair (data feed from Binance).
The pair remains well supported on the downside near the $6.420 and $6.220 levels.
Apple Tops Forbes’ Most Valuable World Brands Crossing $200B Valuation
Friday May 24, 2019
Coinspeaker Apple Tops Forbes’ Most Valuable World Brands Crossing $200B ValuationApple again topped Forbes’ annual look at the world’s most valuable brands but for the first time the brand crossed the $200 billion threshold. The brand of the tech giant is worth $205.5 billion, up 12% over last year and this is the ninth time […]
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EOS price gained significantly above $6.000 against the US Dollar, and rebounded vs bitcoin. The price is likely to continue higher and it may even trade towards the $7.000 and $7.450 levels.
EOS Price Analysis
The past few days were very bullish, with heavy gains in bitcoin, Ethereum, ripple, litecoin and EOS against the US Dollar. Earlier, EOS price settled above the $5.250 resistance levels and started consolidating gains. It traded in a broad range and finally climbed above the $5.550 and $5.780 resistance levels. It opened the doors for more gains above the $6.000 resistance and the price settled well above the 55 simple moving average (4-hours). The recent upward move was strong above the $6.205 and $6.550 resistance levels.
The price traded close to the $7.000 resistance and swing high was formed at $6.922. At the moment, the price is correcting lower below $6.800 and the 23.6% Fib retracement level of the last wave from the $5.934 low to $6.922 high. The price even tested the $6.400 support area and the 50% Fib retracement level of the last wave from the $5.934 low to $6.922 high. However, there are many supports on the downside near the $6.400 and $6.200 levels.
There is also a major bullish trend line forming with support near $6.220 on the 4-hours chart of the EOS/USD pair. The trend line support is likely to act as a strong buy zone above $6.200. On the upside, an initial resistance is at $6.685, above which the price is likely to retest $6.800. The main target for the bulls could be $7.00, followed by $8.000.
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Saturday November 03, 2018
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Looking at the chart, EOS price is clearly trading in a strong uptrend above $6.400 and $6.200. As long as the price is above the $6.200 support, it is likely to climb above the $6.800 and $7.000 resistance levels. Conversely, a break below the $6.200 support might start an extended downside correction. An immediate support is $6.150, below which the price could retest the $5.780 support.
Hourly MACD – The MACD for EOS/USD is placed nicely in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI is currently correcting lower from the 80 level and it could test 65.
Major Support Levels – $6.400 and $6.200.
Major Resistance Levels – $6.800 and $7.000.
The post EOS Price Analysis: Up More Than 25%, Bulls Eyeing $7.00 and $8.00 appeared first on Live Bitcoin News.
Do Tom Brady, Gisele Bundchen Talk About Retirement? Patriots QB Opens Up
Saturday December 15, 2018
Tom Brady, obviously, is on the back end of his NFL career, but it appears his significant other isn’t pushing him into hanging up his cleats. A few days after Gisele Bundchen was asked by Ellen DeGeneres about Brady’s eventual retirement, the New England Patriots quarterback provided some clarity about his wife’s stance on the […]
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