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EOS

EOS Daily Price Forecast – February 11

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EOS/USD Medium-term Trend: Bullish

  • Resistance levels: $ 6, $7, $8.
  • Support levels: $3, $2, $1.

Last week, the price of EOS was in a sideways trend before the price breakout. On February 8, the bulls broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The crypto’s price reached a high of $2.90 but was resisted. The crypto’s price retraced to the support of the 12-day EMA. If the bears break the EMAs, the crypto’s price is likely to fall.

On the other hand, if the bulls sustained a price above the EMAs, the price of EOS will rise to test the $2.90 price level again. Meanwhile, the stochastic is out of the overbought region but below the 80% range. This indicates that the price of EOS is in a bearish momentum and a sell signal. The price of EOS is above the EMAs which indicate that price is in the bullish trend zone.

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS is in a bullish trend. The crypto’s price reached a high of $2.85 and began to range bound movement above the EMAs. The crypto’s price is ranging above the 26-day EMA. If the bears break the EMAs, the crypto’s price will fall. The EOS price is trading at $2.77 as at the time of writing.

Meanwhile, the stochastic is out of the overbought region but below the 40% range. This indicates that the price of EOS is in a bearish momentum and a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

 

Source.bitcoinexchangeguide

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EOS

EOS Long-Term Price Forecast- February 16

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EOS/USD Long-term Trend: Ranging

  • Resistance levels: $ 6, $7, $8.
  • Support levels: $3, $2, $1.

The EOS/USD pair had been in a bearish trend zone after an initial range bound movement. In the month of January, EOS traded but fell from $2.62 to $2.35. The 12-day EMA and the 26-day EMA were horizontal as the crypto’s price was trading below the EMAs. In February 8, the bulls broke the 12-day EMA and the 26-day EMA as the price of EOS appreciated in value.

The crypto’s price reached a high of $2.99. And as at the time of writing, the crypto has remained in the bullish trend zone in the last one week and has not been able to go above its previous high of $2.99. On February 13, the crypto’s price traded and was resisted at the $3.05 price level.

On the upside, the price of EOS will rise if the crypto’s price is sustained above the EMAs, and the bulls break the resistance at $3.0 price level. The price of EOS is retracing and it is trading at $2.81 as at the time of writing. Meanwhile, the Stochastic is out of the overbought region and below the 80% range which indicates that price is in a bearish momentum and a sell signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source.bitcoinexchangeguide

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EOS

EOS Price Moves up as EOSFinex Beta Will Launch in Three Weeks

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Despite a bit of a rocky start earlier this morning, it appears most cryptocurrency markets have come around eventually. So much even that some markets are openly bullish right now, including EOS. More specifically, the EOS price has risen by over 2% in recent hours, which is a rather promising sign.

SEMI-BULLISH EOS PRICE MOMENTUM APPEARS

This morning, it appeared as if Bitcoin would drag all alternative markets down with it once again. Such a trend is not uncommon in the cryptocurrency world, especially over the weekend. Saturdays and Sundays usually provide very different trading momentum compared to the rest of the week. However, it appears all top markets enjoy some minor positive momentum right now.

As far as the EOS price is concerned, the current gains are more than respectable. A 2.1% rise in USD value brings the price to $2.84 again. There is also a 1.8% gain in EOS/BTC, as the altcoin is now valued at 78,318 Satoshi. Both levels should, in theory, be sustainable without too many problems. EOS Also has a very liquid market for a Saturday, with over $716 million in trading volume.

There are some key developments taking place which can easily explain this sudden increased interest in EOS. First of all, the EOSfinex trading platform will be ready for testing fairly soon.  Although there is some work to be done, an open public beta is expected within the next three weeks. A very positive development for the ecosystem, even though the initial “deadline” was seemingly missed.

Secondly, it would appear there is good news for those developers who want to build dApps on top of the EOS blockchain. Infeos will serve as a JavaScript and npm based framework for such applications. It is a welcome addition for developers, as making the learning curve less steep will usually attract even more attention.

Not everyone is interested in buying and holding cryptocurrencies for the long term. That is understandable, as there are plenty of other ways to make good money with cryptocurrencies like EOS. Arbitrage opportunities are available for this coin as well, with an average profit of just over 1.6% per trade. A more than welcome opportunity during the weekend, as the high liquidity should make this a rather profitable option to explore.

Not everyone is interested in buying and holding cryptocurrencies for the long term. That is understandable, as there are plenty of other ways to make good money with cryptocurrencies like EOS. Arbitrage opportunities are available for this coin as well, with an average profit of just over 1.6% per trade. A more than welcome opportunity during the weekend, as the high liquidity should make this a rather profitable option to explore.

Two major developments and a heavy increase in weekend-based trading volume seem to indicate this EOS value increase can be justified. It is always a bit difficult to tell as weekends are so “abnormal” compared to weekdays. While this increase in price is noticeable, it seems unlikely much further progress will be made throughout the day.

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EOS Price Surge Signals new Market Cap Flippening With Litecoin

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Most of the top crypto markets are currently in the process of moving up again every so slightly. When Bitcoin goes in the green – albeit ever so slightly – the other currencies will usually follow suit pretty quickly. For the EOS price, these current gains can prove to be crucial. Its “flippening” with Litecoin in terms of market cap will continue for quite some time to come, it seems.

EOS Price Mounts Another Mini Surge

The past week and a half have been relatively positive for EOS watchers. The value of this currency has risen significantly, and it appears most of the bearish pressure can be negated without too many problems. There is also the recent push to the market cap top 4 lately, although EOS has dropped to #5 again after Litecoin noted some higher quick gains. It seems likely both currencies go one-up one another for some time to come.

Over the past 24 hours, the momentum in cryptocurrency has turned from semi bearish to semi bullish. Such shifts tend to occur quite regularly, although this is a pretty interesting development, all things considered. For the EOS price, it means a 0.8% gain can be noted in both USD and BTC value. One EOS is now valued at $2.82 or 0.000777 Bitcoin. Both levels are seemingly sustainable based on the current trading volume.

Behind the scenes of the EOS ecosystem, it would appear a new partnership has been formed between Unlimited Tower and EOS Park. Both entities partner to build better API and full node endpoints for the items and user activities provided by Unlimited Tower. It is a pretty significant development for this alternative currency itself, as EOS continues to grow and evolve at an accelerated pace.Secondly, it would appear a new gaming dApp built on EOS is getting some attention. Known as Ready Player One – nothing to do with the actual movie or book – it offers Monopoly-esque gameplay elements. It is a game which has been in development for some time now. Efforts like these can make more people aware of EOS and how its blockchain can function. Not all dApps have to be gambling related or DExes, after all.

Source:nulltx

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