Bearish Reversal at $1.9 Resistance Level, Bulls Are Embracing Tamadoge

EOSUSD experiences a Bearish movemnt

EOSUSD Price Analysis – August 26

Ability to cross below the $1.40 support level may decrease the EOSUSD towards $0.8, and $0.6 support levels. The increase of the price above the resistance level of $1.6 may increase the price to $1.9 and $2.1 price levels.

EOS/USD Market

Key Levels:

Resistance levels: $1.6, $1.9, $2.1

Support levels: $1.40, $0.8, $0.6

EOS/USD Long-term Trend: Bearish

EOSUSD is bearish in the daily chart. The bulls are in control of this crypto for more than one week. When the price bottomed at the support level of $0.88 on July 12. It consolidates for few days around the mentioned level. Bulls gained more pressure and the price was pushed towards north with the formation of more bullish candles. The resistance level of $1.9 has been tested. The price is pulling back at the moment.

The price is trading above the two EMAs where the 9 periods EMA is above 21 periods EMA which indicates that the bulls are holding to the EOS market with low momentum. The Relative strength Index period 14 is pointing down at 57 level displaying a bearish direction. Ability to cross below the $1.40 support level may decrease the price towards $0.8, and $0.6 support levels. The increase of the price above the resistance level of $1.6 may increase the price to $1.9 and $2.1 price levels.

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EOS/USD Price Medium-term Trend: Bearish, Bulls Are Embracing Tamadoge

EOSUSD is bearish on the medium-term outlook. The coin moved upward after the formation of more bullish candles from the support level of $0.8. It indicates that bulls were in control of the EOS market. Looking at the resistance level of $1.9, the price is carrying out retracement towards the support level of $1.6 and the price is already expose to $1.4 support level.

The 9-day EMA has crossed the 21-day EMA downside as an evidence of bearish movement. The two EMAs are separating from each other and the price is trading below the two EMAs which connote a bearish EOS market.

Tamadoge sold for 1 USDT to 100 TAMA (1 TAMA = 0.01) in the first phase, in which a beta sale of 200 million tokens were made available to the public. Since then there have been successive sale tranches of 100 million tokens. Half of the tokens on offer in the presale have now been sold. In total 1 billion TAMA tokens are up for sale, with the price rising on each occasion. TAMA has a total supply of 2 billion, so early bird buyers in the presale are able to purchase a generous 50% of supply. Tranche prices will keep rising until the price reaches $0.03, equivalent to 3 times the initial beta sale price. The next price to beat is in the sixth phase when 1 USDT buys 44.44 TAMA.

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