Eos (EOS) & Monero (XMR) Update

in #cryptocurrency7 years ago

EOS 3-23.JPG

EOS

Eos has been performing quite well this past week. In the last update I did on Eos, the price was breaking down from the 62658 support.

EOS prediction.JPG

My prediction in the picture above from the last update was accurate, since the price in fact did bottom out at the next support level, at 55297, at the same time that Bitcoin bottomed at 7300.

Also, my thoughts on the confirmation are still necessary in my opinion. We have finally broke above both EMAs, but if you take a look at the chart, 80000 sats is an area of heavy resistance. Therefore, a breakout above this area would confirm the bullish uptrend.

This depends on Bitcoin as well, if Bitcoin starts to run above the 9000 lets say to 9500, I think this breakout for Eos will most likely take place.

XMR 3-22.JPG

XMR

Monero is one of those oddball altcoins that doesn't follow the same pattern/trend as Bitcoin. The only aspect of the chart that has changed for this coin is the fact that it has triple bottomed at the 2390190 support I drew in last update.

Again, my confirmation thoughts are the same. We need to break over the 200 EMA at the 2800000 resistance level for confirmation of a breakout and a bullish uptrend.

There is a lot of resistance at 2800000 and the RSI should be overbought, so in my opinion if you're trying to go for a swing-trade from now till then make sure to lock in profits, since there is a good chance we may see a pullback at that level. Same thing goes for Eos, the RSI is getting close to overbought as well at 80000.

UFR.gif

Disclaimer: (I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.)

Sort:  

Hello friends, I will give you the best. Ilike you friend

You got a 15.10% upvote from @mitsuko courtesy of @marcopagan! .

Join our team and delegate your SP to earn passive income.
Get part of 80% @mitsuko profit based on your delegated SP
Delegate 10 SP
Delegate 100 SP
Delegate 200 SP
Delegate 300 SP
Delegate 500 SP
Delegate 1000 SP

or custom delegation SP

You got a 4.26% upvote!
Please delegate us Steem Power & get 97% daily rewards share!
20 SP, 50, 75, 100, 150, 200, 300, 500, 1000 or Fill in any amount of SP.
Click For details | Discord server

This post has received a 0.44% upvote from thanks to: @marcopagan.
For more information, click here!!!!

Try the new Minnowhelper Bots for more information here

Do you know, you can also earn passive income after every bidding round simply by delegating your Steem Power to @minnowhelper?
you can delegate by clicking following links: 10 SP, 100 SP, 500 SP, 1000 SP or Another amount

Help support @minnowhelper and the bot tracker by voting for @yabapmatt for Steem witness! To vote, click the button below or go to https://steemit.com/~witnesses and find @yabapmatt in the list and click the upvote icon. Thank you.

Voting for @yabapmatt

Great post! You've earned a 12.50% upvote from @dolphinbot

Coin Marketplace

STEEM 0.15
TRX 0.16
JST 0.028
BTC 67340.80
ETH 2419.68
USDT 1.00
SBD 2.35