{"id":227714,"date":"2019-05-25T08:32:17","date_gmt":"2019-05-25T12:32:17","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=227714"},"modified":"2020-06-17T11:02:12","modified_gmt":"2020-06-17T15:02:12","slug":"eos-trading-eos-rebounds-above-6-as-buyers-regain-momentum","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/eos-trading-eos-rebounds-above-6-as-buyers-regain-momentum","title":{"rendered":"EOS Trading: EOS Rebounds Above $6 As Buyers Regain Momentum"},"content":{"rendered":"
Considering the last 24-hour market change, the bulls have assumed the control of the market as buying pressure compounds. Now, the EOS market is beginning to rise again after flooring at $5.8. The token might retrace to close support before a bullish continuation plays out. EOS price currently trades at $6.5.<\/p>\n
Key Levels:<\/strong> Earlier this month, EOS followed a bullish scenario after recording low at the $4.6, which saw the token to the peak of $6.8 area before dropping to $5.8. Afterward, the EOS\/USD market has traded below the $6.6 level \u2013 which has been a crucial level for the buyers to visit the next resistance.<\/p>\n If the market successfully surpassed the level, the $6.8 resistance will be the level in line for the bulls. Above the $6.8 resistance, EOS buying may further to $7. Inversely, the market might drop to a tight area of $6 – $5.8.<\/p>\n Currently, the 4-hours RSI is reflected above the 50 level which means the buying pressure has resumed in the market. The medium-term MACD has just broken up the zero level, signaling that the bulls are stepping into the market.<\/p>\n EOS\/BTC market has been subdued with selling pressure over the past few weeks. Now, cryptocurrency exchanges<\/a> seems to be taking off as the buyers show a sign of commitment in the last 24-hours of trading. The bulls\u2019 reaction is quite revealed on the 4-hours RSI, amounting to a positive sign as the market head above the 50 level.<\/p>\n In a short time, we can see the price at the 0.000846BTC resistance and potentially at 0.0009BTC level, respecting the ascending broadening wedge formation. If the market takes a downward direction, the EOS price may retest the 0.00076BTC support area.<\/p>\n Breaking this level might further drop the market at 0.0007BTC support. Lying at the horizon of the zero level, the 4-hour MACD is slowly climbing.<\/p>\n Please note:<\/em><\/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":"
\nResistance levels: $6.8, $7
\nSupport levels: $6, $5.8<\/p>\n<\/a>
EOS\/BTC Market<\/h2>\n
<\/a>