Connect with us

Bitcoin News

EOS Price Prediction Today: Daily (EOS) Value Forecast – May 15

Published

on

EOS-Authority-Proposal-Opts-to-Modify-the-Annual-Inflation-Rate-Dropping-it-from-5-to-1

EOS-Authority-Proposal-Opts-to-Modify-the-Annual-Inflation-Rate-Dropping-it-from-5-to-1

  • The price also fell to the 0.236 and 0.382 retracement levels which are the continuation zone of the Fibonacci retracement levels.
  • On the upside, the market has reached the overbought region of the daily stochastic which indicates that price is in a bullish momentum and strong buying signal.

EOS/USD Medium-term Trend: Bullish

  • Resistance levels: $ 6, $7, $8.
  • Support levels: $4, $3, $2.

Yesterday, May 14, the price of EOS was in a bullish trend. The crypto’s price tested the $4.60 support level on three occasions before the recent surge in volatility in price. On May 10, the bears tested the $4.60 support level as the crypto’s price commenced its bullish trend. On May 14, the bulls tested the $6.20 resistance level and the price fell to the 12-day EMA.

The price also fell to the 0.236 and 0.382 retracement levels which are the continuation zone of the Fibonacci retracement levels. Today, the bulls tested the $6.20 resistance level for the second time but were resisted. On the upside, the market has reached the overbought region of the daily stochastic which indicates that price is in a bullish momentum and strong buying signal.

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS was in a bullish trend. Yesterday, the $5.70 resistance level was broken by the bulls after three fail attempts. The market has now risen to the $6.20 price level which is another resistance level.

The crypto’s price is likely to rise because the price is above the EMAs. Meanwhile, the stochastic is in the overbought region but above the 80% range. This indicates that the price of EOS is in a bullish momentum and buy signal.

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

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement
Advertisement

Recent Posts

Copyright © 2019 The Crypto Report