#EOS/USD Price Analysis: Trends of September 10 – 16, 2018

Neutral #EOS/USD Price Analysis: Trends of September 10 – 16, 2018

Price is currently hovering within the boundaries of the resistance level at $6.8 and the support level at $4.1. It would take a strong directional movement for the price to leave the boundaries. Key Highlights Formation of "tweezers bottom" candles confirmed on the daily chart; The price might go up this week; [...]

Price is currently hovering within the boundaries of the resistance level at $6.8 and the support level at $4.1. It would take a strong directional movement for the price to leave the boundaries.

Key Highlights

Formation of "tweezers bottom" candles confirmed on the daily chart;
The price might go up this week;
A retest of the support level of $4.1 is possible.

EOS/USD Long-term Trend: Bearish

Resistance levels: $6.8, $9.4, $11.4
Support levels: $4.1, $2.0, $0.5

EOS/USD made an attempt to push higher last week above the resistance level of $6.8 but closed lower towards the support level of $4.1 with the formation of a strong bearish candle. More pressure from the seller pushed the price downward and was unable to break the nearest support level of $4.1. The price has kept ranging within the resistance level of $6.8 and support level of $4.1 on the daily charts for more than three weeks. If bears hold on the current price range, the current market situation will persist. Last week was bearish. As at present the price formed "tweezers bottom" candle which connotes the possibility of the price increase this week

The Stochastic Oscillator Period 14 on the daily chart is at oversold, below the level 20, with its signal lines pointing upwards, which indicates the probability of a bullish movement this week should the support level of $4.1 holds.

EOS/USD Price Medium-term Trend: Bearish

The coin is bearish on the medium-term outlook. The price has been moving downward with the formation of more bearish candles, which indicates that bears were in control of the price last week. Looking at the support and resistance levels, the price is currently hovering within the boundaries of the resistance level at $6.8 and the support level at $4.1. It would take a strong directional movement for the price to leave the boundaries. As the current position of the Stochastic oscillator suggests a temporal rise in momentum.

The 10-day EMA has crossed the 50-day EMA downward with the price below the 10-day EMA, confirming the downtrend. Should EOS price go up to the resistance level at $6.8 and produce a bullish pattern, then upward movement could be anticipated. A retest of the support level of $4.1 is possible.

Disclaimer: The views and opinions expressed here do not reflect that of Coinspeaker.com and do not constitute financial advice. Always do your own research. The charts for the analysis are provided by TradingView

09/10/2018 / 12:21:11 Source: coinspeaker

BTC
1 BTC=$3,283.75
XRP
1 XRP=$0.2938
ETH
1 ETH=$87.11
XUC
1 XUC=$2.10
EOS
1 EOS=$1.97
BCH
1 BCH=$81.16

News Feed 50

Coinnounce Neutral - Can France become the Blockchain Nation? read more.
12/15/2018 / 05:00:50
Cryptoglobe Neutral - Crypto Payment Platform Coinify Expands in Europe Through BetterCoins Acquisition read more.
12/15/2018 / 05:00:24
Bitcoin.Com Neutral - Free Speech Social Network Gab Starts Accepting BTC read more.
12/15/2018 / 04:35:29
Coindesk Neutral - When There’s Blood in the Street (Why It’s Not Quite Time to Be Long Crypto) read more.
12/15/2018 / 03:52:17
Cointelegraph Neutral - Telecoms Giant AT&T Seeks Patent for Blockchain-Enabled Social Media ‘Mapping’ System read more.
12/15/2018 / 03:30:00
Themerkle Negative - Bitcoin Price Watch: Year-End Price Looks to Be Lower Than Anticipated read more.
12/15/2018 / 03:00:30
Bitcoinist Neutral - Peter McCormack Tells How He Turned $32K Into $1.2M and ‘Back to Pretty Much Zero’ read more.
12/15/2018 / 03:00:07
Cointelegraph Neutral - Ethereum-Based Chat Platform Lays Off 25% of Staff Due to Crypto Market Decline read more.
12/15/2018 / 02:45:00
Bitcoin.Com Neutral - Bitcoin Bull Thomas Lee Claims Market Is Wrong and BTC Should Be Much Higher read more.
12/15/2018 / 02:30:11
Ccn Neutral - Crypto VC Funding Deals are Falling Apart Due to Bear Market — Bad Time For Startups read more.
12/15/2018 / 02:23:38
Cointelegraph Neutral - Blockchain Incubator Binance Labs Releases First ‘Batch’ of Blockchain Projects read more.
12/15/2018 / 02:05:00
Cryptoglobe Negative - Chinese ASIC-Sellers Hurting As Bitcoin Mining on the Wane in China read more.
12/15/2018 / 02:00:00
Cointelegraph Neutral - Report: CEO of Largest Romanian Crypto Exchange Arrested on US Warrant read more.
12/15/2018 / 01:11:00
Ccn Neutral - Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO read more.
12/15/2018 / 01:10:20
Cryptoglobe Neutral - NanoQuake: New Trailer Released read more.
12/15/2018 / 01:00:00
Ccn Neutral - Tron DApp Usage Jumps 48% — More Than 1 Million Transactions Last Week read more.
12/15/2018 / 00:33:16
Bitcoin.Com Neutral - Cryptocurrency Enthusiasts Can Pay $10 Million for a 12-Night Stay in Space read more.
12/15/2018 / 00:30:16
Cointelegraph Neutral - Major US Crypto Exchange Coinbase Adds Cash Withdrawals to PayPal read more.
12/15/2018 / 00:24:00
Cryptoinsider Neutral - The Flappening: Litecoin Overtakes Bitcoin Cash read more.
12/15/2018 / 00:06:45
Bitcoinist Neutral - Tighten that Belt!! read more.
12/15/2018 / 00:00:55
Ethnews.Com Positive - Having A Gas: This Week In Crypto Pop Culture, December 10-14 read more.
12/14/2018 / 23:44:19
Ccn Neutral - AT&T Wants to Create a Blockchain ‘Map’ of Your Social Media History read more.
12/14/2018 / 23:41:02
Cointelegraph Neutral - French Financial Regulator Blacklists Four Crypto Websites for Unauthorized Offerings read more.
12/14/2018 / 23:34:00
Newsbtc Neutral - The Crypto Markets May be in a Rout, But the Blockchain Job Market is in Full Swing read more.
12/14/2018 / 23:00:40
Ethnews.Com Neutral - Opera Adds Cryptocurrency Wallet To Its Android Browser read more.
12/14/2018 / 23:00:38
Cryptoglobe Neutral - Church's Chicken in Venezuela Now Accepts Dash Payments read more.
12/14/2018 / 23:00:00
Ccn Neutral - Cameroon Separatists Create Cryptocurrency Called AmbaCoin read more.
12/14/2018 / 22:58:32
Cointelegraph Neutral - Bitcoin to Be Worth ‘Great Deal More’ in Three Years, Circle Co-Founder Says read more.
12/14/2018 / 22:48:00
Bitcoin.Com Neutral - Bahrain’s Central Bank Issues Draft Crypto Regulations read more.
12/14/2018 / 22:30:17
Cryptoglobe Neutral - Coinbase Launches Free Instant Withdrawals to PayPal for U.S. Customers read more.
12/14/2018 / 22:28:30
Themerkle Neutral - Bitcoin Sinks Below $3,200 as Teenage Bitcoin Millionaire Says Its Dead read more.
12/14/2018 / 22:28:08
Ccn Neutral - Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities read more.
12/14/2018 / 22:15:17
Cryptoinsider Neutral - Daily Crypto Roundup 12/14/2018 read more.
12/14/2018 / 22:04:40
Cryptoglobe Neutral - Number of Crypto Users Doubles to Over 35 Million: Cambridge Study read more.
12/14/2018 / 22:00:00
Ethnews.Com Neutral - EU Blockchain Observatory: Digital Identity Is ‘Fundamental Building Block’ For Blockchain’s Potential read more.
12/14/2018 / 21:40:30
Coindesk Neutral - Coinbase Revamps PayPal Withdrawals for US Crypto Users read more.
12/14/2018 / 21:40:24
Cointelegraph Neutral - Swiss Federal Council: Existing Financial Law Should Be Adjusted to Blockchain Industry read more.
12/14/2018 / 21:36:00
Newsbtc Neutral - Teen Bitcoin Millionaire: “Bitcoin is Pretty Much Dead” read more.
12/14/2018 / 21:30:57
Ethnews.Com Neutral - Despite Downsizing, Status Maintains Commitment To Building Core Ethereum Infrastructure read more.
12/14/2018 / 21:19:36
Ethnews.Com Neutral - BBVA Issues Porsche Corporate Loan Via Blockchain read more.
12/14/2018 / 21:11:59
Ccn Neutral - Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire read more.
12/14/2018 / 21:10:39
Bitcoinist Neutral - 25% of Pantera Capital ICO Projects May Have to Refund Investors read more.
12/14/2018 / 21:00:13
Cointelegraph Neutral - European Parliament Calls for Increased Blockchain Adoption in Trade read more.
12/14/2018 / 20:58:00
Bitcoin.Com Neutral - SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities read more.
12/14/2018 / 20:55:37
Ethnews.Com Neutral - European Parliament Looks To Blockchain Adoption In Trade Policies read more.
12/14/2018 / 20:16:49
Cointelegraph Neutral - #Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 14 read more.
12/14/2018 / 20:05:00
Ccn Neutral - Robinhood Didn’t Consult Regulators on New Checking & Savings Account Products read more.
12/14/2018 / 20:03:47
Cryptoglobe Neutral - Crypto Exchange Binance Expands Its Startup Incubator to New Cities read more.
12/14/2018 / 20:00:46
Newsbtc Neutral - Bakkt and Intercontinental Exchange CEOs Weigh in About Bakkt read more.
12/14/2018 / 20:00:42
Themerkle Neutral - Dogecoin Price Remains at $0.002 as Market Cap top 20 Looms read more.
12/14/2018 / 19:49:38
Negative
4.5%
Neutral
94.3%
Positive
1.0%
Mixed
0.2%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.