EOS Price Prediction: Long-term (EOS) Value Forecast – June 15

  • Last week it was assumed that if the bulls break above the 12-day EMA and the 26-day EMA, the crypto’s price will rise to retest the overhead resistance level.
  • From the price action, the bulls have broken above the EMAs, there is the likelihood that the price will continue its upward move.

EOS/USD Long-term Trend: Bullish

  • Resistance Levels: $7.0, $7.5, $8.0
  • Support levels: $ 6.5, $ 6.0, $5.50

The EOS/USD pair is in a bullish trend. On May 31, the EOS market was in a bullish trend and it reached a high of $8.5 overhead resistance. On June 1, the bulls were resisted and the EOS market was on a downward correction to a low at $6.29 price level. This erased 50% of the previous bullish gains. The downward correction was at the support level of $6.0 price level. Also, the bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto’s price is below the EMAs which ordinarily could mean that price is likely to fall.

Last week it was assumed that if the bulls break above the 12-day EMA and the 26-day EMA, the crypto’s price will rise to retest the overhead resistance level. From the price action, the bulls have broken above the EMAs, there is the likelihood that the price will continue its upward move. The market is at the oversold region of the daily stochastic but above the 20% range which indicates that EOS price is in a bullish momentum and a buy signal.

Live EOS (EOS) Price:

1 EOS/USD =$2.7241 change ~ -0.30%

Coin Market Cap

$2.54 Billion

24 Hour Volume

$402.39 Million

24 Hour VWAP

$3

24 Hour Change

$-0.0082

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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