EOS Price Analysis – June 15
Taking a look at the daily chart, we can see that EOS has been consistently rising all throughout 2019. The market had broken above the 100-day moving average in February and has since continued to rise higher.
Supply levels: $9, $10, $11
Demand levels: $4, $3, $2
The daily EOS/USD is moving towards an upward formation after having four bullish sessions in a row. In the last four days, the EOS/USD has increased from $6.34 to $6.72. The price is above the 100-day moving average. The moving average convergence/divergence (MACD) indicates that the signal line is about to cross the MACD line, indicating downward momentum.
In addition, if the EOS/USD tried to maintain its bullish trend, the bulls would reach the resistance level of $9, $10 and $11. But the price of the EOS should show a fluctuating movement along with the chart, which could return it to support level at $4, $3 and $2 respectively, but if the price of Bitcoin continues to rise, then EOS could give positive results in intraday. Long-term buyers should not be bothered by the small impact on the road, as the future of EOS is assured.
The bearish scenario is strengthening for the EOS market, with market price remaining below the red line of the 100-day moving average. For more than four days, the EOS/BTC stock market has seen a significant fall in prices, with a strong rejection of price in 0.00100BTC, which has returned the coin at a current price of around 0.00077BTC. In a gradual decrease, sellers approach support close to 0.00060BTC.
On the upside, EOS faces a resistance level at 0.0011BTC. Above the resistance is the main resistance at 0.00115BTC. The cryptocurrency has experienced significant support at the zero levels of the MACD indicator. If the signal falls below zero, we can expect a downward pressure below the channel. However, the RSI has already fallen below level 50, since it is currently moving in the opposite direction, showing an undecided direction.
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