The bears will now try to sink and sustain the price below the support at $7,337.
The price has again dipped to the support at $0.22.
We will wait for the price to sustain above $0.24508 before turning bullish.
We will wait for the price to sustain above $50 before suggesting a trade in it.
EOS/USDEOS is facing resistance at the 20-day EMA. However, the positive thing is that the price has not turned down sharply.
If the price slips below the support of the range, a drop to $11.30 is likely.
If the bears succeed in sinking the price below the support zone, the downtrend will resume.
The bears will now attempt to drag the price to the critical support at $0.0136655.
Conversely, if the price turns around from the current levels and breaks out of the 20-day EMA, the pair can move up to the 50-day SMA where it is again likely to face selling pressure.
We will wait for the price to sustain above the 20-day EMA before turning positive.
Price Analysis 02/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Publicado en Dec 2, 2019
by Cointele | Publicado en Coinage
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