Connect with us

Blogs

Ethereum, EOS Price Analysis: What’s Happening?

Published

on

EOS
READ LATER - DOWNLOAD THIS POST AS PDF

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~

For the latest cryptocurrency news, join our Telegram!

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

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Elite