{"id":221664,"date":"2019-04-17T18:40:14","date_gmt":"2019-04-17T22:40:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=221664"},"modified":"2019-04-17T18:40:14","modified_gmt":"2019-04-17T22:40:14","slug":"eos-trading-following-the-bearish-divergence-signal-price-may-fall-significantly","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/eos-trading-following-the-bearish-divergence-signal-price-may-fall-significantly","title":{"rendered":"EOS trading: Following The Bearish Divergence Signal, Price May Fall Significantly"},"content":{"rendered":"

EOS Price Analysis \u2013 April 17<\/h3>\n

Ranked fifth largest cryptocurrency, EOS market has witnessed a price increase in the last three weeks of trading<\/a> with current trading price at around $5.4 level. EOSUSD remains bullish, but moving side-way on the medium-term indicator; while EOSBTC breakout from a bullish channel. However, a bearish divergence move is signaled for EOSUSD market.<\/p>\n

EOS\/USD Market<\/h2>\n

Key Levels:<\/strong>
\nResistance levels: $6, $6.4, $6.6
\nSupport levels: $5, $4.6, $4.2<\/p>\n

After consolidating in late March, EOS surged and followed a green trend line in a zigzag pattern before dropping. Sitting on the green line since yesterday, a rebound could meet resistance at $6 level; re-testing the monthly high. A successful breach above $6 may launch a new price at around $6.6 and beyond.<\/p>\n

\"\"<\/a>
EOSUSD, 4H Chart – April 17<\/figcaption><\/figure>\n

If the bears initiate a strong entry now, selling pressure may plummet at $5, $4.6 and $4.2 support levels which could position the trade in a bearish zone. For now, the bulls are still holding position strongly as the green line acts as a defensive line.<\/p>\n

Currently, the 4-hours MACD indicator has reflected a downward move since April 4. EOS is now moving side-way on the indicator; suggesting a potential change in trend.<\/p>\n

EOS\/BTC Market<\/h2>\n

Following an uptrend, EOS has been trading within the range of a channel for the past two weeks after rising from 0.0009 BTC low. As price action respects the trend lines, the token broke down as selling pressure head towards a major support level at 0.001 BTC.<\/p>\n

\"\"<\/a>
EOSBTC, 4H Chart – April 17<\/figcaption><\/figure>\n

A possible swing high may locate quick resistance at 0.00108 BTC level. With the current breakout signal, the bulls may have to play along with a selling momentum which slowly plays out. If price furthers below 0.001 BTC support, EOS could make bottom at the March low of 0.0009 BTC.<\/p>\n

A look at the 4-hours MACD revealed a slope move as price trends high. A divergence move is actually signaled for EOS market which is just reflecting as breakout occurs.<\/p>\n

Please note:<\/strong> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

EOS Price Analysis \u2013 April 17 Ranked fifth largest cryptocurrency, EOS market has witnessed a price increase in the last three weeks of trading with […]<\/a><\/div>","protected":false},"author":1742,"featured_media":221730,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8102,8101,8009,7992],"class_list":["post-221664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-eosbtc","tag-eosusd","tag-price-prediction","tag-technical-analysis"],"acf":[],"yoast_head":"\nEOS trading: Following The Bearish Divergence Signal, Price May Fall Significantly -<\/title>\n<meta name=\"description\" content=\"For now, the bulls are still holding position strongly as the green line acts as a defensive line. 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