Price Aldona has the potential for further growth. EOS has formed a channel up and gradually moves on to new resistance levels. In short, the situation looks like this:
- on 4-hour chart of bitcoin has formed a double bottom, which means that the downtrend is slowly nearing completion;
- local minima are lined up on one uplink — the beginning of a new uptrend;
- technical indicators indicate the presence of bears. Maybe that will happen soon pullback to the nearest support.
Forecast prices EOS amounted to NewsBTC.
Is it worth buying EOS
Moving average line with a smaller period (100 SMA) is below the 200 SMA, and so the path of least resistance is down. The price of cryptocurrency has thus far held above, the buyers do not lose their positions.
At the moment EOS is just on the midline of the rising channel. However, technical indicators are already in overbought zone, so the coin can fall to the bottom of the channel. There is a zone of strong support in the area of $ 5.
The previous week was good not only for EOS, but all the other altcoins. Investors are slowly returning to the stock market and invest in promising projects. The first good investment was the Ripple to the end of the week, it increased almost three times. The increase in capitalization Aldona even brought XRP on Coinmarketcap second place. However, to keep the place Ethereum long and failed.
About the imminent beginning of the “season violas” also signals the index of dominance of Bitcoin. Recently, the share capitalisation of the main cryptocurrency plummeted. We will remind, Weiss Ratings analysts suggested that after a few years Bitcoin will lose its leading position in the market.
In addition to EOS, on Coinmarketcap, there are dozens of other profitable coins. All visitors of our cryptodata know where the buried x’s.
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