EOSETH is out rightly in a bearish trend. The south side movement has been on since last week. The coin seems to have resisted the bullish call. Thus, proving that Etherium has gain value, in the market disposition.
Supply levels: $0.029, $0.031, and 0.033
Demand levels: $0.028, $0.027, and $0.025
EOSETH Trends: Bearish
The price of the market has remained below the supply price level of $0.033 for quite some time now, the bearish momentum thus continues. Though the 4-Hour market price has had a bounce on the demand price level of $0.025, it also, had a rebound at the price level of $0.027. Hence, a further retest on the $0.025 price level or a break of it, will accelerate the bearish momentum.
The Coin price is comfortably below the important moving average level of 50, which has added an aura to the bearish outlook of the pair. The Stochastic Indicator has crossed its signal line and is heading south side region, still also an indication for the bearish momentum.
EOSUSDT Market Analysis:
The coin is actually on the downside, but looking intently on the 4-Hours chart, the market in invariably, counter-trending. Hence, waiting for it to break the key levels at the 4-Hours chart will be an ideal, decision.
The Exponential Moving Average Indicator is still sitting above the market price, thus not ruling out the bearish projection. But with a conservative approach in mind, it will be wise to wait for a bearish signal from the MACD indication. This will help to cement the price direction.
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