FxWirePro: EOS/USD trades flat, markets eye EOSIO Main net release on Jun 2nd
EOS/USD has shown an 18% jump in the past 24 hour from low of $11.74 level. EOS has jumped almost more than 300% in this year compared to 65% fall in Bitcoin and 74% drop in ETH . EOS.IO is to be launched at 16:09:29 fro…
EOS/USD has shown an 18% jump in the past 24 hour from low of $11.74 level. EOS has jumped almost more than 300% in this year compared to 65% fall in Bitcoin and 74% drop in ETH . EOS.IO is to be launched at 16:09:29 from now. The main net is scheduled to go live in 40 days and big exchanges like Bitfinex, Huobi and eToro has extended their support for EOS. EOS.IO is a software that introduces block chain architecture designed to enable vertical and horizontal scaling of decentralized applications. It is currently trading around $13.29.
The pair has taken support near 61.8% fibo and shown a minor jump from that level. The near term resistance is around $15.91 (support turned into resistance) and any break above will take the pair to next level $17.06(20- day MA)/$18.87/$20.
The major support is around $11.15 (61.8% fibo) and any convincing break below will drag the pair till $9.88 (Apr 21st 2018 low)/$7.80. Major weakness only below $3.87.
It is good to buy on dips around $9-9.25 with SL around $7 for the TP of $20/$23.
The $0.131 mark was the late-September high; a revisit would depend on Bitcoin (BTC) strengthening and crypto-market sentiment improving. No timeframe was given.
Binance US is reportedly seeking to raise up to $100 million in fresh funding at a valuation of approximately $1 billion as the cryptocurrency exchange looks to strengthen its position in the competitive U.S. market. Acc…
