{"id":16296,"date":"2018-07-23T07:30:14","date_gmt":"2018-07-23T06:30:14","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=16296"},"modified":"2020-02-19T02:02:24","modified_gmt":"2020-02-19T00:02:24","slug":"eos-price-analysis-eos-usd-is-likely-to-test-10","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/eos-price-analysis-eos-usd-is-likely-to-test-10\/","title":{"rendered":"EOS Price Analysis: EOS\/USD is Likely to Test $10"},"content":{"rendered":"<p><em>EOS price found support near $7.60 and recovered against the US Dollar. EOS\/USD is likely to move higher towards the $9.50 and $10.00 levels in the near term.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>EOS price is trading with a positive bias above the $7.60 support area (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $7.80 on the 2-hours chart of the EOS\/USD pair.<\/li>\n<li>The pair is moving higher and it could trade further higher towards the $8.80, $9.50 and $10.00 levels.<\/li>\n<\/ul>\n<h2>EOS Price Analysis<\/h2>\n<p>There was an important downside move in EOS price from well above the $9.00 level against the US Dollar. The EOS\/USD pair declined below the $8.00 level before buyers appeared near $7.60.<\/p>\n<p>The <a href=\"https:\/\/www.tradingview.com\/symbols\/EOSUSD\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">chart<\/a> above indicates that the price found a strong buying interest near $7.60, resulting in a fresh upward move. The price moved above the 23.6% Fib retracement level of the last decline from the $9.36 high to $7.60 low.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/07\/EOS_Price_Chart-2.png\"><img decoding=\"async\" class=\"alignnone size-large wp-image-16298\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/07\/EOS_Price_Chart-2-1024x515.png\" alt=\"EOS Price Analysis Chart\" width=\"1024\" height=\"515\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/07\/EOS_Price_Chart-2-1024x515.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/07\/EOS_Price_Chart-2-300x151.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/07\/EOS_Price_Chart-2.png 1828w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>More importantly, there was a break above a key bearish trend line with resistance at $7.80 on the 2-hours chart of the EOS\/USD pair. The pair also traded above the $8.20 level and the 100 simple moving average (2-hours).<\/p>\n<p>It has opened the doors for more gains above the $8.50 level in the near term. An immediate resistance is the 50% Fib retracement level of the last decline from the $9.36 high to $7.60 low at $8.48. Above this, the price is likely to break the $9.00 resistance and test the $9.35 swing high.<\/p>\n<p>A successful break above the $9.35 level could increase the chances of EOS hitting the $10.00 barrier in the near term.<\/p>\n<p>On the flip side, if there is a downside correction, the previous resistance near $8.00 and the 100 SMA are likely to act as supports. Below $8.00, EOS price may perhaps retest the $7.60 support.<\/p>\n<p>Overall, the current bias is positive as long as the price is above $8.00.<\/p>\n<p><em>Trade safe traders and do not overtrade!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EOS price found support near $7.60 and recovered against the US Dollar. EOS\/USD is likely to move higher towards the $9.50 and $10.00 levels in the near term. Key Talking Points EOS price is trading with a positive bias above the $7.60 support area (Data feed of Kraken) against the US Dollar. There was a break above a key bearish trend line with resistance at $7.80 on the 2-hours chart of the EOS\/USD pair. The pair is moving higher and [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":16298,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[188,207,111],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/16296"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=16296"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/16296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/16298"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=16296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=16296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=16296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}