Just like expected, Bitcoin dipped from 8k, and EOS entered in the suggested buy zone, from 0.00125 to 0.00148, and then followed a fast rally to 0.0017. Now it's priced at 0.00167, testing the Fib 0.618 level.
Also it's below the MA(20), in orange, which acts as resistance, together with the Fib level.
MACD is starting to turn positive. RSI is neutral, in the...
EOS/BTC daily chart.
EOS retraced from the previous high on 29 April (a time when the EOS mainnet launch news was just picking up attracting investors). However, in the last 3 days EOS found a support near the 50% Fib level, priced at 0.00148. This stability is a good signal that even with the last BTC dips, EOS held strong.
This support also coincides with the...
Cardano (ADA) was hit heavily by the bearish market during the past few days, after trying to break up from the last high at $0.38.
Though the bearish trend seems still underway, it seems ADA has found a good support at the the 0.382 Fibonacci level, priced about $0.23.
Also in the 4h chart here there`s a bullish divergence in the RSI and MACD indicators, which...
