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The Bitcoin Hash Ribbons indicator has been flagged, and this indicator identifies periods where Bitcoin miners are forced to turn off due to a price drop. The underlying logic is that when miners are unprofitable due to the price of Bitcoin being at a major low, it offers long-term investors a brilliant buying opportunity.
The EOS price prediction would become very bullish if the price gains acceptance above the 200-day MA. The $2.28 level is still on the cards.
The EOS/USDT pair failed to give a bullish breakout of a rounding bottom pattern due to the increased selling pressure at the $1.89 supply zone. However, the price action displays the underlying bullish sentiment is preparing a trend reversal with a cup and handle pattern.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The recent bullish crossover on the 20 EMA (red) and the 50 EMA (cyan) came to fruition after EOS's side-channel (yellow) breakout. The resultant growth entailed a position above the near-term EMAs.
The EOS Coin has maintained its previous-day upward rally and is trading near $1.75.
Bitcoin and the cryptocurrency market have been trading sideways for the past week after suffering big losses over the weekend. Despite the short-term negative price movement, market participants are still optimistic about the altcoins, suggesting that the industry is increasingly risk-averse.
EOS price rallied and was able to clear the $1.60 resistance against the US Dollar. The price is now trading above $1.60 and the 55 simple moving average (4-hours).
EOS price analysis indicates the continuation of a price correction. The spectacular rise in the price attracted the sellers and initiate a distribution near the supply zone.
Coinspeaker EOS Token Jumps 30% after Major Technological Shift
The last few days haven't been the best for the cryptocurrency market. However, despite all the uncertainty looming over the cryptocurrency market, EOS has managed to stand out.
Though cryptos have enjoyed significant momentum over the past several weeks, recent weariness may be a cause for concern.
The U.S. may finally be moving to regulate cryptocurrencies and crypto banks.
The token's 28% price surge over the past seven days follows an announcement that Antelope will be used as the supporting protocol for EOSIO-based blockchains.
In the big picture, the EOS/USDT pair chart shows an evident rounding bottom recovery in the daily time frame. This pattern usually appears at the market bottom to indicate a new uptrend.
While EOS (EOS) is still trading inside a crucial long-term resistance level, there are several signs in various time frames that suggest a breakout is expected. The post EOS (EOS) Pumps by More Than 30% in a Day appeared first on BeInCrypto.
Anyone still remember EOS? It's back with a new plan to regain its past crypto glory.
EOS has gained the most from the altcoins, followed by ATOM. Bitcoin currently stands above $21,000.
Chiliz and EOS are enjoying breakout sessions despite the doom and gloom. The recent gains demonstrate a degree of insulation from Fed Policy Fears.
Bitcoin price started a consolidation phase after a strong decline to USD 21,000. BTC is currently (04:00 UTC) trading above USD 21,200 and facing many hurdles. The price must clear USD 21,650 to start a recovery wave.
EOS price has propelled by 10% and now is one of the top gainers over the 24 hours. This has pushed the coin quite close to its next price resistance.
Monday saw eos remain in the green, despite the latest red wave in cryptocurrency markets. Today's rally sees the token move almost 20% higher in the last seven days. Flow, on the other hand, extended its recent declines and is now down by almost 30% in the same period.
The top 5 crypto to watch this week is a list made of the most interesting cryptocurrencies we deemed worthy to watch. The crypto market had a regression across the board, with the crypto marketcap being rejected from its resistance level of $1.2 trillion, affecting major cryptos.
The crypto market saw retracement across all boards with the crypto marketcap being rejected from its resistance of $1.2 trillion leaving top cryptos affected. This has led to market sentiments going back to bearish with many crypto assets sitting on the key support zone.
The recent announcement of the revised inflation and the CPI rates have hung the crypto spaces within the bullish & bearish trend. Most of the assets including Bitcoin & Ethereum have been under extreme bearish pressure from the past week that has compelled the crypto space to remain uncertain of the upcoming move.
