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📈 Price Predictions
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EOS Price in Accumulation Area: How High Might It Spike This Month?


EOS Price in Accumulation Area: How High Might It Spike This Month?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

EOS is on the verge of overcoming the $7 threshold again, and traders stay highly optimistic. What might spark the growth of the Top-10 cryptocurrency, and how to trade it? Let’s see what tradingview users think: read their EOS price predictions and check out EOS price charts: there’s a lot of useful information.

EOS in accumulation zone between $6.88-7.2

EOS through the fast transition to $7.39

JinFlark uses the volumetric method of market analysis in this chart. In this work, he uses a great helper: the X-volume indicator. Its show strong accumulation for purchasing between $6.88-$7.2. Check the levels with x-lines indicator: we have two close levels on 1H chart: $6.88 and $6.95. When we have two close levels on one timeframe (in this situation its 1-hour timeframe), the lowest one in 90% is a strong resistance. Also as you can see we have a big square without levels: from $6.95 to $7.39. Logically, this kind of accumulation market doing for a fast transition to $7.39.

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EOS/BTC potential bounce

Time to buy EOS!

According to cryptoprodigy101, EOS/BTC is sitting at major daily support. Lower time frames are showing some bullish pressure and buying. Tight stop loss under this area is invalidating. Soon it will be time to reap profits if you took your chance to buy some EOS recently!

EOS up to $10-11?

Channel can lead EOS to $10-11

On the logarithmic chart from niewall_trading, we can see that EOS has followed its Channel since the 18th December 2018. That could mean that the chance of getting supported by the lower upwards trending support line of the channel is smaller than in a younger channel.

Besides that, there is a good chance of getting supported by the Channel and the EMA-Ribbon on the Daily log Chart of EOS. That would put the target at the top of the Channel, which would result in a price of about $10-$11 if it takes the same time as other Cycles.

A stop could be placed under the EMA-Ribbon and the channel. Keep tabs and invest until it’s too late.

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Ascending triangle: Last chance to buy EOS cheap

Don’t miss the chance to buy EOS

EOS/BTC has been consolidating since 2018 and the price has been creating an ascending triangle: we can clearly see it on the chart from roosgar. On June 15, the price has reached the lower bottom of the ascending triangle. Now it’s going up, so don’t miss your last chance to buy the dip for EOS before the breakout. The nearest and the highest target, for now, is 0.0011451 BTC – this is a very important resistance level. EOS has already increased by 30% and continues showing signs of strength.

Final thoughts

EOS looks very good. Momentum indicators look to be shifting back up, held the support trend line nicely, and if it goes for a retest of previous highs, you could enjoy some substantial gains.

EOS price charts by TradingView

Cover image via 123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Ripple (XRP) Is Approaching the $0.27 Support Zone. How Low Might XRP Slump?


Ripple (XRP) Is Approaching the $0.27 Support Zone. How Low Might XRP Slump?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The recent months have been nothing but disappointment for XRP traders, especially long-term hodlers. While Bitcoin and other altcoins have made a glorious path to new heights, XRP managed to crawl to $0.45 level and got back. Recently, it has even fell below $0.30 - a bad sign for traders. So, what to expect from XRP price next? Let’s check out Twitter users’ XRP price forecasts and their opinions. 

When innovations are hopeless

A lot of traders have been waiting for new technological advanced introduced by Ripple labs - it would make XRP price people thought. However, surprisingly, XRP did not grow - it went the opposite direction. This is what makes Twitter user say ‘RIP Ripple’.

Take a look at their predictions and moods:

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Dreamers stay dreamers

However, some users continue claiming that Ripple is able of reaching new heights. Here’s what some of them think:

A more possible scenario:

But what if Ripple is NOT supposed to be expensive? Take a look at this opinion:

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Indeed, XRP seems to stand aside from the scope of all other altcoins. It simply doesn’t follow the path of Bitcoin or any other digital currency. Market uptrend? Ripple hardly reacts. Technological advanced? XRP market does not depend on it either. Thus, making predictions often proves to be useless. 

Hold or buy more

Since no one knows for sure what will happen with Ripple (XRP) price, you can continue holding it and buy some XRP while the cost is tasty.

Moreover, XRP can dump a little bit more:

Thus, buying at $0.24 would be even a better idea. With the major downtrend on the crypto market, this might be possible.

Conclusion

Ripple’s XRP is too far from $0.50. Moreover, it might even drop below $0.30 again. That means you should either hold XRP for a few months (or years) more, or speculate on shorts – the second option is better for experienced traders.

Cover image via www.123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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