After a start of bloody Q3 2019 with many cryptocurrencies stained red by the fall of BTC to levels of $ 10,500, the market has been recovering little by little and already stock market capitalization levels begin to rise again, reaching $ 310 billion dollars time to write and BTC giving ground to the altcoins as expected with a 60.6% dominance.
Within the top ten market, some altcoins are already beginning to see the fruits of capital injection and one of them leading this recovery is undoubtedly EOS, the cryptocurrency of Daniel Larimer who steps on the engram with a spot price of $ 6.01 per unit, for a + 3.10% advance in the last 24 hours and a marketcap of $ 5.5 billion dollars that positions it in the sixth box of the general ranking of cryptocurrencies.
In the short term, cryptocurrency for the development of decentralized applications presents a promising scenario. EOS has just broken its downline with a pair of very firm sails that have broken the bearish trend that had dominated its market in the last 48 hours. Now their level of immediate resistance provides an immediate benefit of up to 7.08% for the next 36 hours.
The Stochastic indicator goes directly to the overbought zone, with levels close to 80 indicating the good bullish moment of EOS and the strong purchase pressure on the altcoin.
The last candle of EOS has broken the upper band of Bollinger, signaling the ideal moment of entry and its cloud has begun to expand indicating the volatility of its price.
Momentum for its part indicates the prevailing bullish moment for EOS for the next 48 hours with levels close to the maximum.
In the medium term, the EOS panorama is not different. EOS has a positive slope and has recently left its S-H-S pattern with which it signals the start of a new upward rally that could lead to levels of R1 @ $ 6.70, + 15.07%. Its strong support remains at levels of $ 4.43.
The Aroon indicator has begun to lower its bearish signal to the fund parallel to the bullish. For now we will have to wait for its outcome.
The Chaikin Money Flow indicator has begun to change patterns, with capital input to the EOS market that will surely boost the EOS price.
The Relative Strength Index for its part is also signaling a pattern change in the orders. The optimism has returned to reign and the pressure of purchase begins to give positive results for the EOS market.
In summary, EOS is projecting a recovery in its prices as the number of use cases multiply. According to the DappReview.com site, the platform ranks first in the last week in terms of number of users, transactions, volume in USD and number of decentralized applications hosted on the platform.