• Cryptocurrencies: 2209
  • Markets: 18660
  • Market Cap: $248549367651.49
  • 24h Vol: $65029610252.706

EOS: Rejected Highs

EOS following the Block.One capital raise of $4Bn hit a high of close to $20 before crashing down to $8.

Recently, as initially stated by Nouvive to have following a persistence momentum to have passed 8.333 to hit a high of $9.

Nouvive has spotted a charting pattern known as a double top, this is where the Coin fails to breach the resistance level twice, before crashing down to previous support.

As can be seen on the 1D HTF or Higher Time Frame, Volume has been decreasing and under average with a decrease of buying pressure – illustrating to Nouvive’s Senior Analyst, Adris that this will cause Selling pressure to take over.

A Short at stated levels below will have a 8.90% gain at a risk of 0.67%.

You may use Leverage between 5-10X or an unleveraged position

Enter 50%: 8.816

Enter 50%: 8.842

Take Profit 100%: 8.1

Profit: 8.90%

Stop Limit: 8.86

Risk: 0.67%

Time: 3 Days

Probability – 74%

 

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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297

ViFeed Indicators

Bitcoin (BTC)
$7985.45
48.00 RSI
0.01%
Hold
Ethereum (ETH)
$248.4
34.00 RSI
-0.91%
Buy
XRP (XRP)
$0.38
53.00 RSI
-1.12%
Hold
Bitcoin Cash (BCH)
$397.5
43.00 RSI
-2.52%
Buy
Litecoin (LTC)
$101.29
56.00 RSI
-0.53%
Hold
EOS (EOS)
$6.3
29.00 RSI
-1.99%
Buy
Binance Coin (BNB)
$33.79
42.00 RSI
-1.11%
Buy
Tether (USDT)
$1
0.00 RSI
-0.28%
--
Stellar (XLM)
$0.12
39.00 RSI
-1.43%
Buy
Cardano (ADA)
$0.08
36.00 RSI
-1.10%
Buy
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