EOS Short-Term Price Prediction for March 2019 – Traders Hope for $5 EOS Price But Will Bearish Trend Be Reversed?

Price Predictions
Sat, 03/09/2019 - 11:46
Vera Yurina
🤑📈🤑EOS short-term price forecast from TradingView experts – a positive trend is possible. Will EOS reach $5?
Cover image via U.Today

EOS is going through hard times: the cryptocurrency has recently fallen in price, especially after the latest hack. The crypto community stays skeptic towards EOS price predictions, but experts from TradingView don’t lose hope, saying there’s a chance for uptrend.

How it could be otherwise with EOS being such a great blockchain? Statistics say it has all chances to retain its top positions:

Keep calm and trade

EOS price chart from Golden Dragon

The user called Golden Dragon suggested that we have the Elliott waves with Fibonacci retracement, which means the second wave is ending, and we’re approaching the third wave. The fifth wave should end with bullish movement and Fibonacci resistance of 61% and macro tendency.

Uptrend is possible

EOS price chart from ForecastCity

After analyzing the EOS/USD chart, ForecastCity concluded that the beginning of the uptrend is more than possible. The price is below the 21-Day WEMA, which signifies the dynamic resistance. RSI is at 51, which only proves this suggestion. However, if the price downtrend in the daily chart does not get broken, the bearish wave might go on and on.

All of that provides great trading opportunities. The beginning of the entry zone is $3.1360, and the ending of entry zone is $2.1785.

How do you know you approach a “Buy zone”? Look at when some of the reversal patterns are formed (“Bullish Engulfing”, “Hammer” or “Valley”). Do not enter trading when the price approaches reversal patterns but those are not formed.

If things go well, EOS might easily reach $5-7 by the end of March.

There might be something going

EOS price chart from Cryptosuf

The user Cryptosuf identified a symmetrical triangle pattern, which might mean there’s something going with EOS. We shouldn’t expect much trade in the long run, but with 1-2 more hits of the triangle, it may be a very exciting situation.

Potential Big Short Position

EOS price chart from PlaySafeWithUS

PlaySafeWithUS suggests that the support zone for EOS will be $1.506 with the last support zone around $0.46. The first big resistance is $4.55. In the following weeks, we are likely to test $the support zone if the $0.46 mark will be broken.

EOS/USD price chart from TradingView

Thus, EOS has to break the pattern to start growing. That might happen in the nearest time, even in March.

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.

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

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