The EOS price seems to be at a standstill. After all, the EOS was able to recover 35 percent in April. Is the trend changing now?
EOS Price Analysis- 35% price increase in April!
EOS ‘macro trend is still bearish, but at least the EOS rate increased by over 35 percent this month. It can almost be ruled out that the EOS price will still form a “bullish engulfing candle” this month, but it could well be that the price moves to the 0.382 Fib level at the $3 mark. Another horizontal resistance is between $3.15 – $3.32.
EOS price analysis- further resistance!
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Besides, further resistance is waiting for the EOS price, after all the golden ratio, which crosses the bearish trend line, is at $ 4. Also, the last high at $ 5.5 acts as significant resistance. The MACD is about to bullish while the histogram is ticking higher, both of which are bullish signs. If the EOS price fails to break the $3 mark, support will be available between $ 2.15 – $ 2.5.
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EOS price analysis- 50-day EMA has been broken!
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In the daily exchange rate, the EOS exchange rate broke the 50-day EMA and is currently on its way to the 0.382 Fib level at the $3 mark. This upward trend is not yet really convincing, and the 200-day EMA is also waiting for EOS as additional resistance, which lies between the $3 mark and the horizontal resistance at $ 3.3.
The EMAs are still bearishly crossed and the death cross is intact. Essentially, it remains to be seen where Bitcoin will move to be able to reassess the price situation of EOS. Unless Bitcoin does not rise, there is little reason to believe bullish price prospects are waiting for EOS.
EOS price analysis- downward channel intact! Bottom formation?
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Against Bitcoin, the EOS price is still in a long-term downward channel. Here, too, the death cross is intact and the EOS price was previously bearishly rejected on the 50-day EMA. Between 0.000306 BTC – 0.000325 BTC the next support is waiting for the EOS price. The price is already facing resistance at 0.00041 BTC, where the 50-week EMA crosses the trend line of the downward channel. The MACD is undecided, so it could be bearish or bullish.
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