Cryptocurrencies price prediction: EOS, Ethereum & TRON - European Wrap - 3 October
|EOS price analysis: EOS/USD bulls intimidated by DMA100 at $4.20
EOS has been pretty directionless lately. The 7th largest digital asset with the current market value of $2.7 billion is siting in a tight range, limited by $3.00 on the upside and $2.70 on the downside. EOS/USD has been unable ot move outside this channel since September 25.
Ethereum market update: ETH/USD stays boring, getting ready for a decisive breakthrough
ETH/USD is range-bound during Thursday trading. The second-largest digital coin with the current market value of $19.2 billion has stayed mostly unchanged both on a day-on-day basis and since the beginning of the day amid vanishing volatility and low trading volumes. At the time of writing, ETH/USD is changing hands at $177.40 with no clear short-term direction.
TRON price analysis: TRX/USD beats the market with 4% gains
Looking technically, a strong move above $0.0150 is needed to improve the short-term technical picture and push the price towards the next barrier at $0.0152. It is created by a combination of the middle line of one-day Bollinger Band, SMA100 (Simple Moving Average) and SMA200 on the four-hour chart. Once it is out of the way, the upside is likely to gain traction with the next focus on $0.0159 (SMA50 daily) and psychological $0.0160.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.