🔥 TOP STORY
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

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

  • Vera Thornpike
    📈 Price Predictions

    🤑📈🤑EOS short-term price forecast from TradingView experts – a positive trend is possible. Will EOS reach $5?

EOS Short-Term Price Prediction for March 2019 – Traders Hope for $5 EOS Price But Will Bearish Trend Be Reversed?
You may also like:
Contents

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

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

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

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

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.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!
👓 Recommended articles

New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
You may also like:
Contents

After trying to retain the position above $4,000, Bitcoin seems to be stuck. What to expect from BTC during the following weeks? What’s the best time to invest in Bitcoin? Let’s try to figure it out with tradingview users: they will provide their BTC price predictions and opinions about investment strategies.

Bitcoin has to break another resistance

Both shortage and resistance breaking are possible for BTC

Bitcoin price chart from DianKemala

This BTC price chart clearly explains the influence of the Fibonacci level on its price. Traders saw a big bearish candle 2 days ago, but bears stopped at $3,936 and started performing a sideways consolidation pattern.

Bitcoin failed to break the Fibonacci resistance zone (4004 - 3986), which isn’t a bullish sign, but we have another resistance above at $4,038. If Bitcoin is able to break up this resistance, the bullish period will continue. The important support before the bearish period is around $3,936. If this support breaks down, expect a bearish target at $3,860, or maximum at $3,780. 

Will BTC get back to $3,600?

$3,600 level is ideal for investments

Bitcoin price chart from MarcPMarkets

We are watching the BTC market trying to overcome 4K resistance level with varying success. According to MarcPMarkets, the current BTC trading environment does not offer an attractive reward/risk for putting any new money to work.

All risks should be properly assessed. The low 4K area is still the range resistance, while the lower 3K area is the range support. In the green box, you can view the potential reward, while the red box represents the potential risk. Why would we put on any new swing trades at range highs when chances are the price is more likely to test much lower levels in the short term? 

Candlesticks or RSI are not the only signals of upcoming BTC fall. The fact that price is beginning to show signs of structural weakness confirms our reasoning that staying out of any new swing trades near the range highs is the best choice for now. Support levels begin around the high 3600s and continue through to the 3450 levels. That might be the ideal time for investments.

Although supply may be slowly removed from the market, it will take some time before the effects play out. So we will continue to wait for two particular scenarios: 1) price retraces toward the lower part of the range for a reversal to go long; or 2) price breaks beyond 4150 and provides a momentum continuation pattern for a long.

BTC is ready for capitulation

 BTC movement is around the corner

Bitcoin price chart from DataPatron

During several months Bitcoin was consolidating in a tight range between $3,300 and $4,400. Now it seems to be completing sideways mission, and long term volatility promises a serious movement that’s around the corner.

I am almost sure another red leg symmetrical to the previous one (from 6 to 3k) is before us.

All in all, Bitcoin is in a broader recovery over the long term, but the short term is just not in a position that offers attractive reward/risk. Consider an investment in BTC, if it hits the $3,600-3,700 bottom line in a few weeks.

BTC/USD price chart on TradingView

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.

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.
👓 Recommended articles