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IOTA and EOS Price Analysis: The Current Scenario - Global Coin Report
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IOTA and EOS Price Analysis: The Current Scenario

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As per the current condition, both IOTA and EOS are following a slightly bearish trend at the moment. IOTA is currently holding the 9th position and veering around the $1 mark whereas EOS is still struggling to reach the $8.00 figure due to its recent dip and holds the 5th position. Below you would find the comprehensive price analyses of these two (Data provided as of 10th July 2018).

IOTA (IOTA/USD)

Price Analysis:

  • High: 1.046 USD
  • Low: 1.0007 USD
  • Major Resistance Level: 1.5 USD
  • Hourly MACD: Placed in the sell zone.

Chart courtesy of tradingview.com

This cryptocurrency is currently revolving around the 1 US dollar mark and following a slightly bearish trend. However, if we examine the chart closely and implement the Fibonacci extension tool on its pullback, we would be able to see that it is almost ready to bounce off the top of its descending channel thereby resuming its sell-off position. The short-term SMA is still below the long-term SMA indicating that the path of least resistance is still downwards.

The full extension is located at 0.0930. However, with a stronger selling pressure, the IOTA extension could be down by 50% reaching the 0.6864. The gap between the moving averages is slowly decreasing which is manifestly a positive sign as it indicates the fact that the current bearish trend is weakening and about to reverse. The RSI (Relative Strength Index) is also showing a propensity to go upward which is another indicator of the bullish trend.

EOS (EOS/USD)

Price Analysis:

  • High: 7.7800 USD
  • Low: 7.3250 USD
  • Major Resistance Level: 9.03 USD
  • Hourly MACD: Placed in the sell zone.

Chart courtesy of tradingview.com

Like Ripple, the very existence of EOS coin depends on its stability. According to a recent analysis, this coin has grown nearly 32 times since its inception and the main reason behind it is the stability of EOS blockchain network. However, for the past few days, the general trend of this coin has been overwhelmingly bearish. The price of this coin has been revolving around the $7.5 mark over the past week with $9 being the obvious resistance. As per their previous trade plan, the EOS team is planning on liquidating on every pullback with $4 targets.

Similar to the IOTA chart, the gap between the moving averages is also gradually decreasing in case of EOS as well indicating an imminent bull run. Also, the relative strength index is showing an upward trend. Hence, despite the recent dip in price by approximately 11%, the beginning of a bullish trend should be a matter of time for EOS.

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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

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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