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EOS price analysis and foreseeable outcome; Emanate will collaborate with Huobi Eco


According to the candlestick chart connected to the EOS/USD pair on tradingview [based on data obtained from the Coinbase Exchange], buyers are the dominating force trying to push the digital asset towards $3.3 and beyond. Resistance may be felt near the $3.711 level. The daily RSI [for 14 periods] is at 48.40 which points to EOS being deeply immersed in the neutral zone.

Meanwhile, in the aftermath of 6th October, the peaks tied to the Awesome Oscillator all adorned the green shade, signifying the occurrence of bullish momentum. The Ichimoku Cloud which has stayed crimson till now shall thin down post-13th October this year, which might spark off a recovery. From 7th October onwards, the MACD line intersected then soared atop the signal line, leading to the histogram switching sides [from red to green].

Just like Spotify, Emanate is a platform meant to serve thousands across the globe. EOS is trying hard to combat against Facebook [with the help of Voice] as well. Recently, Block.One settled a lawsuit filed by the U.S. Securities and Exchange Commission. As usual, the SEC has agreed to leave the organization and the cryptocurrency alone; in response Block.One must provide the SEC a massive sum of $24 million. And I thought India was corrupt.

EOS is ranked at #7 in the market ahead of Binance Coin. The trading volume recorded stands at roughly $1.309 billion, while the supply has 935,114,235 EOS coins involved as part of the circulation. The total market cap of EOS amounts to $3.018 billion as of this instant. The price ascended marginally at a rate of 1.91% in the course of the past 24-hours; this brought EOS all the way up to $3.23 where it currently holds.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.