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Learning & News => News related to Crypto => Topic started by: Galaxy on October 09, 2020, 04:52:48 PM

Title: EOS Is in a Strong Selling Pressure as It Targets the $2.28 Low
Post by: Galaxy on October 09, 2020, 04:52:48 PM

The EOS downtrend has been consistent since August 16. The downtrend resumes as price makes a retest at the $2.56 high.

Today, EOS has fallen to $2.48 at the time of writing. From the price action, the coin has the tendency to further depreciate. However, on the upside, buyers have to push the price above $2.80 high before the resumption of the upside momentum.
Info Link: https://coinidol.com/eos-selling-pressure/

Title: Re: EOS Is in a Strong Selling Pressure as It Targets the $2.28 Low
Post by: cryptopediabd on October 14, 2020, 12:04:54 AM

The upward move is unlikely for now as price faces rejection from the recent high. For instance, price has been restricted by the 12-day EMA as it makes an upward move to the recent highs. On the other hand, the market is likely to fall as it approaches the lower lows of the market. EOS is following the downtrend pattern of lower highs and lower lows.