RATE Group | Support rises with cryptocurrency trying to escape the bear -AMBCrypto
45610
post-template-default,single,single-post,postid-45610,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Support rises with cryptocurrency trying to escape the bear -AMBCrypto

14 Oct Support rises with cryptocurrency trying to escape the bear -AMBCrypto

Posted at 21:46h in Cryptocurrency News by

[ad_1]

The bearish market has not been kind to the cryptocurrency market with sporadic bullish runs being the only silver lining for holders and enthusiasts alike. EOS, the 5th biggest cryptocurrency in terms of market cap, has also come under the reign of the bear with price drops spread across the spectrum.

1 hour

The trend lines show massive bearish drops, making EOS subject to almost $1 changes in prices. Post the bear breakout on 11th October, the cryptocurrency saw a fall from $5.992 to $5.044. The current support for the cryptocurrency was holding at $5.247 which was reached after support lifts from $5.092 and $5.193.

The MACD shows multiple crossovers which coincides with the EOS support value being raised. At the current support, the price movement has been sideways with the signal line and the MACD line traveling together as an indistinguishable graph. The MACD histogram has almost disappeared after a bullish histogram pattern indicating a price hike.

The…

[ad_2]

Source link

Tags:
, , , , ,