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EOS price sees fall to $2.560: what’s next?

EOS price sees fall to what s next

The EOS price line fell below the $2.580 level on the 19th of April. Forex_Monster is a TradingView analyst who believed that the cryptocurrency shall make its way below the $2.00 level.

1-Day EOS Price Analysis (19th April)

EOS Price Chart

EOS Price Chart by TradingView

The cryptocurrency had reached across the $2.760 level by the end of the 18th of April. As the day entered the price chart for the 19th of April, the cryptocurrency had assumed a bearish momentum and was on its way below the $2.560 level. The cryptocurrency began the day with a price near the $2.740 level, and it gradually moved to the $2.660 mark before midday on the 19th of April. The coin saw a bearish momentum after 01:30 GMT which made it immediately fall below the $2.580 level, to a day’s low of $2.560 US Dollars. The cryptocurrency saw some retracement towards the $2.640 level before it reached the end of the day, where it closed with a trading price of $2.592 US Dollars.

EOS: fall below $2.00?

Forex_Monster was of the opinion that the cryptocurrency will soon fall towards the support lying near the $1.95464 mark.

EOS Featured Price Chart

EOS Price Chart by TradingView

The crypto analyst shows that the cryptocurrency fell to a 38.2% Fibonacci retracement on the 13th of April, while it will now fall to a 61.8% Fibonacci retracement.

The idea still appears to be in play as the cryptocurrency fell towards the $2.560 mark on the 19th of April.

Featured Image by Tumisu.

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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