The EOSUSD pair appeared bearish on the 15th of April as it fell below the $2.380 mark on the price chart. The cryptocurrency moved across the $2.500 level during the first half of the day’s trade.
1-Day EOS Price Analysis (15th April)
The coin had moved to the $2.440 level at the beginning of the day’s trade, after which it saw a bullish momentum and was led across the $2.500 level during the first quarter of the day. The cryptocurrency saw a day’s high of $2.503 US Dollars, after which it gradually fell towards the $2.400 mark. After midday on the 15th of April, the EOSUSD pair had reached below the $2.400 level, to a low of $2.395 US Dollars. The coin retraced above the $2.460 level near 21:00 GMT, after which it retreated below the $2.400 mark and further declined to a day’s low, below the $2.380 mark. The pair closed the day at a trading value of $2.375 US Dollars.
EOS: fall towards $2.2?
Skgubza is a TradingView analyst who suggested that the cryptocurrency will be subjected to a bearish movement as it broke below the ascending channel drew on the featured price chart below.
The idea turned out to play according to the crypto analysts suggestion and the cryptocurrency still appears bearish as it falls towards the $2.300 mark.
Featured Image by Oliver Menyhart.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.