bitcoin and litecoin 1xbet
Blockchain

EOS Price Prediction Today: Daily (EOS) Value Forecast – June 20

Monopoly-Styled-EOS-Blockchain-Based-Digital-Property-Trading-Game-Uplandme-Raises-2-Millio
  • On the upside, if the price is sustained above the EMAs, the crypto will rise to retest the $7.20 price level.
  • On the downside, if the bears break below the EMAs, the crypto will find support at the $6.0 price level.

EOS/USD Medium-term Trend: Bullish

  • Resistance levels: $ 7.00, $7.50, $8.00.
  • Support levels: $6.00, $5.50, $5.00.

Yesterday, June 19, the price of EOS was in a bullish trend. Yesterday, the upward move by the bulls was interrupted as the crypto commenced a range bound move. However, since on June 1, the price of EOS has been on a downward fall. At the $8.50 overhead resistance, the bulls were resisted and the market had a downward correction to the support level at $6.0 price level. The support level was holding as the bulls pulled back price above the EMAs. This probably suggest that the crypto would rise to retest the $8.50 overhead resistance.

But the bulls were resisted again at the $7.20 price level. Today, the price of EOS is ranging above the 12-day EMA with the appearance of small body candlesticks. These small body candlesticks are the Spinning tops or Doji that described the indecision between buyers and sellers. On the downside, if the bears break below the EMAs, the crypto will find support at the $6.0 price level. On the upside, if the price is sustained above the EMAs, the crypto will rise to retest the $7.20 price level.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS was in a bearish trend zone. The moving averages are pointing southward indicating that price is in a bearish trend. On June 17, the bulls tested the $7.20 resistance level twice before the market fell to the $6.70 price level.

The $6.70 price level was holding as the bulls make an upward move above the EMAs. Meanwhile, the EOS market is at the oversold region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a 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.

Let’s block ads! (Why?)

Bitcoin Market Price Chart in RealTime

GET CRYTOCURRENCY NEWS UPDATE DAILY. SUBSCRIBE BELOW

Source: BEG

loading...


Get News Update Daily - It is Your Right


Most Trending News On Sleekarena

Video: BBNaija housemates caught having sex

The Minstrel 2019: Micah Stampley, Panam Percy Paul, Nathaniel Bassey, others storm Glory Dome as Dunamis holds Music Ministers’ Conference [See details] 

RRS officers stop armed policemen from taking Timi Dakolo and his wife, Busola to Abuja (video)

How Algeria Shocked Senegal To Lift AFCON Title After 29 Years Trophy Drought (Watch Goal)

‘I have offered to personally vouch for A$AP Rocky’s bail’ – President Trump 

loading...
Buy or Sell Bitcoin and Litecoin
To Top