EOS Price Is Approaching $3.40 Resistance Level. Traders Explain What Happens Next

Price Predictions
Mon, 10/14/2019 - 11:10
Vera Yurina
EOS price will touch $3.40 target soon, but what’s next? EOS price predictions are discussed by TradingView users
Cover image via U.Today

EOS is keeping around the $3,1 level without any serious fluctuations, but traders are hoping for changes in the nearest future. Will EOS be able to enter the bullish period, or is to follow the altcoin market trend and stay on the current position? Let’s see what TradingView users think about it: read EOS price predictions.

EOS price chart by TradingView

EOS price is currently sitting at the support trend of a channel. The RSI step trend is printing a Buy-Signal soon. So, our Buy Zone is located at the support zone from $3.07 to $3.12. The target price is located at the resistance zone from $3.35 to $3.40, and stop-loss is located at $3.03. The $3.40 resistance zone is expected to be hit during this week.

Related
LiquidLink Bridges EOS and Ethereum, Making Cross-Chain dApps a Reality

What’s next?

EOS price chart by TradingView

If we cast a look at the further future, we can predict that EOS price might even double in the nearest weeks. It can be proved by the following technical indicators:

  • Forming a falling wedge in daily timeframe with bullish indicators.

  • Volume is decreasing so it might change the trend in the coming days.

So don’t miss this trading opportunity: grab it and stay patient. Buy EOS between $2.6 - 3.1, the sell targets are $4.2 - 5.6 - 6.4, while the stop loss is below $2.4.

What you must do is watch the market because the trend might change at any time. EOS price has formed a buyer exhausting candlestick pattern topping out at 4 hour 200 EMA resistance. There’s also a bearishly divergent higher high on the hourly at $3.27.

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, can be contacted at vera.yurina@u.today

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy