Ixabiso le-EOSUSD: Uyilo lwePateni emfutshane "W" Ibonisa intshukumo eyomeleleyo yeBullish

UAzeez Mustapha

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Uhlalutyo lwamaxabiso-Novemba 06

The increase in the bulls’ pressure to break up the two dynamic resistance level will place the price at the $2.7 level, further increase of the bulls’ pressure may allow the price to test the $2.9 and $3.3 resistance level. Failure to break up the dynamic resistance level may lead to bearish movement continuation, the price will encounter barriers at $2.4, $2.2, and $1.7 support level.

Amanqanaba aphambili:

Amanqanaba okumelana: $ 2.7, $ 2.9, $ 3.3

Amanqanaba enkxaso: $ 2.4, $ 2.2, $ 1.7

I-EOS / i-USD yexesha elide iTrend: Bullish

Cryptocurrency is on the bullish movement. The coin was range-bound within the resistance level at $2.7 and support level at $2.4 last two weeks. The ranging persists until November 03 when the bears gained more pressure to break down the support level of $2.4 and the price dropped to the $2.2 support level. The Bulls interrupts the price declination with the formation of the Morning star candle pattern. This is an indication that the Bulls are ready to take over the market soon. Following the bullish candle pattern is the formation of a daily bullish candle and this is penetrating the dynamic resistance level at the moment.

EOSUSD daily chart, November 06

The two EMAs are separated and the price is trading in between the 9 periods EMA and 21 periods EMA with a bullish candle, which indicates a gradual increase in the bulls’ momentum. The increase in the bulls’ pressure to break up the two dynamic resistance level will place the price at the $2.7 level, further increase of the bulls’ pressure may allow the price to test the $2.9 and $3.3 resistance level. Failure to break up the dynamic resistance level may lead to bearish movement continuation, the price will encounter barriers at $2.4, $2.2, and $1.7 support level.

Ixabiso le-EOS / i-USD kwiXesha eliPhakathi leTrend: Bullish

EOSUSD is bullish in the medium term. The coin bottomed at the $2.2 support level on November 03, the bulls defends the level and thus prevents the breakdown of the $2.2 support level. The buyers move into the market with an increase in pressure and the price incline towards the resistance level of $2.7 after it breaks up the $2.4 level.

EOSUSD 4 hour chart, November 06

The 9 periods EMA has crossed the 21 periods EMA upside with the price trading above the two EMA; this connotes an increase in the bulls’ momentum. The relative strength index period 14 is above 50 levels pointing upside to indicate a buy signal.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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