{"id":230703,"date":"2019-06-20T16:27:33","date_gmt":"2019-06-20T20:27:33","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=230703"},"modified":"2021-09-12T18:33:59","modified_gmt":"2021-09-12T22:33:59","slug":"bears-take-charge-as-eos-continues-to-fall","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bears-take-charge-as-eos-continues-to-fall","title":{"rendered":"Bears Take Charge As EOS Continues To Fall"},"content":{"rendered":"

EOS Price Analysis \u2013 June 20<\/h3>\n

While the EOS\/USD pair managed to follow an ascending channel, the EOS\/BTC is trending in a descending channel. However, the past three days have brought both markets in a decline as the price drops by 3%. If the EOS markets break low, selling pressure may locate close support.<\/p>\n

EOS-USD Market<\/h2>\n

Key Levels:<\/strong>
\nResistance levels: $7.4, $8
\nSupport levels: $6.3, $6<\/p>\n

EOS has witnessed a little price increase in the past two weeks since the market plunged to $6 in early this month. The ascending channel trading has led the cryptocurrency to $7.4 at the upper channel before bouncing low which is now testing the lower channel at $6.7. EOS is likely to break or bounce. In fact, the 4-hours RSI has faced the overbought zone.<\/p>\n

\"\"<\/a>
EOSUSD, 4H Chart – June 20<\/figcaption><\/figure>\n

For a bounce, the bulls may have to engage strongly in the market in order to push the market higher. The key resistance is likely at $7.4 and $8 levels. On the other hand, a further selling pressure can break the channel down to $6.3 and $6 supports.<\/p>\n

EOS-BTC Market<\/h2>\n

The EOS price has been significantly dropping since the beginning of June as the market now follows a bearish sentiment. The token has seen a 25% loss during the course of the twenty-one days price drop. Currently, the cryptocurrency is sitting at the lower channel. A rebound is expected at 0.0076BTC resistance. A further rise could set a bull-run for the market.<\/p>\n

\"\"<\/a>
EOSBTC, 4H Chart – June 20<\/figcaption><\/figure>\n

A look at the 4-hours RSI indicates that EOS is trading in the oversold region. A continuous trade at this region could slip the market to the May low at 0.0007BTC and below. For the bulls to regain momentum there\u2019s a need for a bullish reversal. A cross above the 50 level of the RSI may confirm that.<\/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":"

EOS Price Analysis \u2013 June 20 While the EOS\/USD pair managed to follow an ascending channel, the EOS\/BTC is trending in a descending channel. However, […]<\/a><\/div>","protected":false},"author":1742,"featured_media":230710,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8637,8636,8009,7992],"class_list":["post-230703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-eos-btc","tag-eos-usd","tag-price-prediction","tag-technical-analysis"],"acf":[],"yoast_head":"\nBears Take Charge As EOS Continues To Fall - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"EOS has witnessed a little price increase in the past two weeks since the market plunged to $6 early this month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/230703\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bears Take Charge As EOS Continues To Fall\" \/>\n<meta property=\"og:description\" content=\"EOS has witnessed a little price increase in the past two weeks since the market plunged to $6 early this month.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-20T20:27:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-12T22:33:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/EOSBTC-4H-Chart-June-20.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1365\" \/>\n\t<meta property=\"og:image:height\" content=\"730\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/230703#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/230703\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Bears Take Charge As EOS Continues To Fall\",\"datePublished\":\"2019-06-20T20:27:33+00:00\",\"dateModified\":\"2021-09-12T22:33:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/230703\"},\"wordCount\":354,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/230703#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/EOSBTC-4H-Chart-June-20.jpg\",\"keywords\":[\"EOS\/BTC\",\"EOS\/USD\",\"Price Prediction\",\"Technical Analysis\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/230703#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/230703\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/230703\",\"name\":\"Bears Take Charge As EOS Continues To Fall - 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