{"id":36613,"date":"2019-03-06T05:19:10","date_gmt":"2019-03-06T04:19:10","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=36613"},"modified":"2020-02-19T02:01:25","modified_gmt":"2020-02-19T00:01:25","slug":"eos-price-analysis-rally-resumes-4-00-and-4-50-targets-back-in-sight","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/eos-price-analysis-rally-resumes-4-00-and-4-50-targets-back-in-sight\/","title":{"rendered":"EOS Price Analysis: Rally Resumes, $4.00 and $4.50 Targets Back In Sight"},"content":{"rendered":"<p><em>EOS price started a fresh rally after correcting below the $3.50 support level against the US Dollar. EOS gained more than 15% recently and jumped higher versus USD, BTC and ETH.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>EOS price is back in an uptrend, with a break above the $3.50 resistance level (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There was a break above a major bearish trend line with resistance at $3.40 on the 4-hours chart.<\/li>\n<li>The price rallied towards the $3.80 level and it is currently correcting lower.<\/li>\n<\/ul>\n<h2>EOS Price Analysis<\/h2>\n<p>In the last week, we saw a sharp decline in bitcoin, <a href=\"https:\/\/ethereumworldnews.com\/ripple-xrp-price-approaching-next-bullish-break-versus-bitcoin-btc\/\" target=\"_blank\" rel=\"noopener noreferrer\">ripple<\/a>, EOS, <a href=\"https:\/\/ethereumworldnews.com\/litecoin-ltc-price-analysis-risk-of-further-losses-before-rebound\/\" target=\"_blank\" rel=\"noopener noreferrer\">litecoin<\/a>, <a href=\"https:\/\/ethereumworldnews.com\/binance-coin-bnb-surging-above-12-whereas-btc-and-eth-tumble\/\" target=\"_blank\" rel=\"noopener noreferrer\">binance coin<\/a> and other cryptocurrencies against the US Dollar. However, <a href=\"https:\/\/ethereumworldnews.com\/binance-coin-bnb-rallies-10-while-btc-and-eth-struggle\/\" target=\"_blank\" rel=\"noopener noreferrer\">BNB<\/a> and EOS price recently found a strong buying interest and started a solid uptrend.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/03\/EOS.png\"><img decoding=\"async\" class=\"alignnone size-large wp-image-36614\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/03\/EOS-1024x486.png\" alt=\"EOS Price Analysis Chart\" width=\"1024\" height=\"486\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/03\/EOS-1024x486.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/03\/EOS-300x142.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/03\/EOS.png 1828w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>The <a href=\"https:\/\/www.tradingview.com\/symbols\/EOSUSD\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">chart<\/a> above indicates that EOS price traded as low as $3.13 and later rallied above the $3.20 and $3.40 resistance levels. The recent upward move was strong as there was a close above the $3.50 resistance and the 100 simple moving average (4-hours).<\/p>\n<p>During the rise, there was a break above a major bearish trend line with resistance at $3.40 on the 4-hours chart. The pair gained pace above the $3.50 resistance and traded towards the $3.80 level.<\/p>\n<p>A high was formed at $3.81 and later the price corrected lower. It declined below the 23.6% Fib retracement level of the recent wave from the $3.13 low to $3.81 high.<\/p>\n<p>However, the decline was contained by the $3.55 and $3.50 support levels. Besides, there is a strong support formed near the $3.45 level and the 50% Fib retracement level of the recent wave from the $3.13 low to $3.81 high.<\/p>\n<p>Therefore, EOS clearly remains supported on dips near the $3.50 level. If buyers remain in action, the price could rally further above the $3.80 swing high. The next targets for buyers could $4.00 or even $4.20. There could be a test of $4.50 level if bitcoin, Ethereum, ripple, and other cryptocurrencies continue to grind higher.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EOS price started a fresh rally after correcting below the $3.50 support level against the US Dollar. EOS gained more than 15% recently and jumped higher versus USD, BTC and ETH. Key Talking Points EOS price is back in an uptrend, with a break above the $3.50 resistance level (Data feed of Kraken) against the US Dollar. There was a break above a major bearish trend line with resistance at $3.40 on the 4-hours chart. The price rallied towards the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":36614,"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\/36613"}],"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=36613"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/36613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/36614"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=36613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=36613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=36613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}