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EOS Price Prediction – Bullish Opportunities in the Short Term

 


Despite the extremely bearish trend of EOS, the EOS price could now rise sharply in the short term. But when does the EOS price meet resistance?


EOS price could now rise to $1.76

The EOS price could now rally to $1.75 as it appears to break the 50-4H EMA around $1.36 today, which could allow it to rally to the 200-4H EMA around $1.76. That implies upside potential of around 27%. In addition, the histogram of the MACDs is ticking bullishly higher and the MACD lines are bullishly crossed. The RSI, on the other hand, gives neither bullish nor bearish signals.


EOS price faces significant Fib resistance at $1.76

In addition, the EOS course encounters significant Fibonacci resistance at USD 1.76. If EOS breaks the 0.382 Fib level at $1.76, it could rally to the golden ratio around $2.2. Also in the daily chart, the MACD lines are bullishly crossed and the histogram is ticking bullishly higher.


Nonetheless, the medium-term trend remains strongly bearish. Finally, there is still a death cross, confirming the trend bearish.


EOS price could return to around USD 0.5 in medium to long term

In the medium to long term, the EOS price could return to the USD 0.5 level as that is where the next support lies. Finally, the price level at $1.12, where EOS price was able to bounce off before, is the last support that could save EOS from dropping to around $0.5. If this breaks, EOS could return to the low point of 2017.


In addition, the EMAs are also bearishly crossed in the weekly chart and the MACD is also clearly bearish, because the histogram is ticking bearishly lower while the MACD lines remain bearishly crossed.


EOS could hardly be more bearish against BTC. There are no more supports waiting for the EOS price. If EOS has already found its bottom, it will find significant Fibonacci resistance at 0.000125 BTC and 0.00018 BTC.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

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