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Ethereum, EOS Price Analysis: What’s Happening?

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EOS
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Ethereum has turned to the bearish zone after touching $516 USD.

EOS continues to correct itself and eyes the 9.00 line against the US Dollar.

Ethereum (ETH/USD)

Price Analysis

  • High: $480.59 USD
  • Low: $470.10 USD
  • Major Resistance Level: $520
  • Hourly MACD: In the grey area (between Buy and Sell zone)

Chart courtesy of tradingview.com

The ETH/USD pair had been sporting green candles and moving in the upward direction from 13th July 2018, as can be observed from the chart. However, yesterday the price of Ethereum had started a decline after reaching the $516 line. The candle formed yesterday thus sports the red color.

Today, so far, even though the ETH/USD pair has formed a small green candle the hourly MACD, as per Trading View, is placed in the grey region currently. It is thus difficult to say whether the crypto coin will move into the Buy or Sell region but, as the candle formed so far is in green. So, currently, there may be a slightly higher chance of moving into the Buy zone. Also, before yesterday, Ethereum trying to build an uptrend shows that the coin is trying to hold back its place today.

At the time of writing, the ETH/USD pair is trading at $477.97 USD with the moving average marking at 458.3389 (as of 19th July 2018). Yesterday, the ETH transaction fees had become higher than that of BTC. So, the price of ETH/USD had seen a downward slide. On the other hand, new partnerships had formed at the Ethereum Enterprise Alliance. This may be the cause behind the slight upward surge today. ETH at the moment is trying to reach the major resistance level at $490 USD.

EOS (EOS/USD)

Price Analysis

  • High: $8.6575 USD
  • Low: $8.3600 USD
  • Major Resistance Level: $9
  • Hourly MACD: Placed slightly in the Sell region.

Chart courtesy of trading view.com

The EOS/USD had been set on correcting itself for the past few days. The crypto coin had been showing an uptrend from 14th July 2018. The trend continued till 17th July 2018 and then sported a red candle yesterday. As the price of the EOS/USD pair reached the $8.5 zone, the price had been trying to strengthen the trend. With slight pressure from the Sell region the candle had showed a short-term downtrend.

Today, so far EOS (EOS) has been indicating an uptrend but, the hourly MACD is placed slightly in the Sell region. At the time of writing, the EOS price shows $8.6319 USD while the moving average (blue line) marks 7.7127. (As of 19th July 2018) This clearly shows that the crypto coin is trying to strengthen the trend and reach the $9 major resistance level. Currently, the overall cryptocurrency market has been showing a positive. The rise in the price of the EOS/USD pair is mostly the result of that. Otherwise, one can see from the chart an overall downtrend since the end of April 2018.

All in all, both the ETH/USD and EOS/USD pair are correcting themselves today. At the moment, it is to be seen whether Ethereum and EOS can reach the major resistance and how far they go in the short-term.

Happy Trading~

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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