Monday , December 6 2021
Home / Altcoins / EOS Price Analysis: Key Hurdle Forms Near $5

EOS Price Analysis: Key Hurdle Forms Near $5

Summary:
EOS price started a decent increase above the .50 zone against the US Dollar. The price is now trading below .80 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near .75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it manages to clear the .80 and .00 resistance levels. EOS price is showing positive signs above .40 against the US Dollar, similar to bitcoin. The price could rise further if it manages to clear the .80 resistance. EOS Price Analysis This past week, EOS price started a steady increase above the .20 resistance zone against the US Dollar. The price formed a base above .00 and it was able to settle above the 55 simple

Topics:
Aayush Jindal considers the following as important: , , ,

This could be interesting, too:

Nick Marinoff writes New Crypto Bill in India Would Both Regulate and Ban Certain Aspects of the Industry

Nick Marinoff writes Bitcoin Miners in Kazakhstan Suffer Due to National Energy Shortage

Nick Marinoff writes Odell Beckham Jr. Is the Latest Athlete to Accept a BTC Salary

Nick Marinoff writes Fast Private Jet Allows Crypto Payments for Air Travel

  • EOS price started a decent increase above the $4.50 zone against the US Dollar.
  • The price is now trading below $4.80 and the 55 simple moving average (4-hours).
  • There was a break below a major bullish trend line with support near $4.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could start a fresh increase if it manages to clear the $4.80 and $5.00 resistance levels.

EOS price is showing positive signs above $4.40 against the US Dollar, similar to bitcoin. The price could rise further if it manages to clear the $4.80 resistance.

EOS Price Analysis

This past week, EOS price started a steady increase above the $4.20 resistance zone against the US Dollar. The price formed a base above $4.00 and it was able to settle above the 55 simple moving average (4-hours).

There was a break above the $4.50 and $4.80 resistance levels. However, the price failed to settle above the $5.00 level. As a result, there was a fresh decline below the $4.80 support. There was also a break below a major bullish trend line with support near $4.75 on the 4-hours chart of the EOS/USD pair.

The pair traded below the 23.6% Fib retracement level of the recent increase from the $3.63 swing low to $5.06 high. The price is now trading below $4.80 and the 55 simple moving average (4-hours).

It tested the 50% Fib retracement level of the recent increase from the $3.63 swing low to $5.06 high. The price is now rising and it is trading near the $4.65 zone. The first key resistance is near the $4.80 level and the 55 SMA. A close above the $4.80 level could open the doors for a steady increase.

In the stated case, the price could rise towards the $5.00 level. The next key resistance is near the $5.50 level. On the downside, the first major support is near the $4.35 level. The main support is now forming near the $4.20 zone. If there is a downside break below the $4.20 support, there could be a move towards the $3.65 support.

EOS Price

EOS Price

Looking at the chart, EOS price is now trading below $4.80 and the 55 simple moving average (4-hours). Overall, the price could start a fresh increase if it manages to clear the $4.80 and $5.00 resistance levels.

Technical indicators

4-hours MACD – The MACD for EOS/USD is slowly gaining pace in the bullish zone.

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

Major Support Levels – $4.50 and $4.35.

Major Resistance Levels – $4.65 and $5.00.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *