{"id":28732,"date":"2018-12-11T07:30:53","date_gmt":"2018-12-11T06:30:53","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=28732"},"modified":"2020-02-19T02:01:55","modified_gmt":"2020-02-19T00:01:55","slug":"eos-price-analysis-remains-in-strong-downtrend-below-2-25","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/eos-price-analysis-remains-in-strong-downtrend-below-2-25\/","title":{"rendered":"EOS Price Analysis: Remains In Strong Downtrend Below $2.25"},"content":{"rendered":"<p><em>EOS price declined heavily and broke the $2.00 and $1.80 support levels against the US Dollar. Sellers remain in control as long as the price is below $2.25.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>EOS price declined significantly after it settled below the $4.00 support (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There is a crucial bearish trend line formed with resistance at $2.20 on the 4-hours chart of the EOS\/USD pair.<\/li>\n<li>The pair remains sell on rallies as long as there is no close above $2.25.<\/li>\n<\/ul>\n<h2>EOS Price Analysis<\/h2>\n<p>During the past few days, there was a steady decline from the $3.50 swing high in EOS price against the US Dollar. The EOS\/USD pair broke the $3.00 and $2.00 support levels to enter a major downtrend.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/12\/EOS_Price_Chart-1.png\"><img decoding=\"async\" width=\"1024\" height=\"509\" class=\"alignnone size-large wp-image-28733\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/12\/EOS_Price_Chart-1-1024x509.png\" alt=\"EOS Price Analysis Chart\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/12\/EOS_Price_Chart-1-1024x509.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/12\/EOS_Price_Chart-1-300x149.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/12\/EOS_Price_Chart-1.png 1828w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>The <a href=\"https:\/\/www.tradingview.com\/symbols\/EOSUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a> above indicates that EOS price even broke the $1.80 support level and settled below the 100 simple moving average (4-hours). The decline was such that the price traded close to the $1.50 zone and formed a low at $1.52.<\/p>\n<p>Later, the price corrected higher above the $1.60 and $1.80 resistance levels. It also moved above the 23.6% Fib retracement level of the last decline from the $3.04 high to $1.52 low.<\/p>\n<p>However, there are many hurdles for buyers near the $2.00 and $2.20 levels. More importantly, there is a crucial bearish trend line formed with resistance at $2.20 on the 4-hours chart of the EOS\/USD pair.<\/p>\n<p>Above the trend line, the next main resistance is near $2.25 and the 50% Fib retracement level of the last decline from the $3.04 high to $1.52 low. As long as the price is below the $2.25-2.30 resistance zone, it remains in a strong downtrend.<\/p>\n<p>Above $2.30, the price may perhaps rise towards the $2.50 level and the 100 simple moving average (4-hours). On the downside, an initial support is at $1.80, below which EOS price may drop back to $1.50. The overall trend remains bearish unless buyers gain pace above $2.25 in the near term. Similarly, <a href=\"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-remains-sell-near-26-and-30\/\" target=\"_blank\" rel=\"noopener noreferrer\">litecoin<\/a> and <a href=\"https:\/\/ethereumworldnews.com\/ripple-price-analysis-xrp-usd-bears-target-0-2800-or-lower\/\" target=\"_blank\" rel=\"noopener noreferrer\">ripple<\/a> are struggling to gain bullish momentum above key resistances.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EOS price declined heavily and broke the $2.00 and $1.80 support levels against the US Dollar. Sellers remain in control as long as the price is below $2.25. Key Talking Points EOS price declined significantly after it settled below the $4.00 support (Data feed of Kraken) against the US Dollar. There is a crucial bearish trend line formed with resistance at $2.20 on the 4-hours chart of the EOS\/USD pair. The pair remains sell on rallies as long as there [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":28733,"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\/28732"}],"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=28732"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/28732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/28733"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=28732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=28732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=28732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}