Top 3 price predictions on Bitcoin, Ethereum & EOS: for today: BTC/USD, ETH/USD and EOS/USD short-term analysis

  • Cryptocurrencies are gaining on the day across the board, with EOS as the best performer among the main Cryptos
  • Different technical setups in the three Cryptos analyzed

Crypto markets have turned green since the start of the Asian session. EOS is profiting from the interest that software developers have shown in its platform.

Market outlook is proposing a bullish trading day after main Cryptocurrencies have bounced from meaningful supports.

As of now, the scenario described some days ago, with lateral bullish action, is continuing to develop. It still has some more room, at least until moving averages turn around.

ETH/USD 4-hour chart

Ethereum is recovering from yesterday's lows and has traded back to the $750 mark, just above a meaningful support, also surpassing the 50-EMA. ETH/USD drew yesterday two long-legged formations that reached the main support at $695 to close with a 5% rise. Turning formations are showing some buying interest below the $700 mark.

We shouldn't lose track of the Ethereum-Bitcoin ratio on our daily trading, as both are assets that act as a benchmark for other altcoins and selecting one or the other as the counterpart will affect your future profits. Follow ETH/BTC here.

In the ETH/USD 4-hour chart, first resistance is located at $791, a previous step before overcoming $800, heading up to $810 as the level to recover and consolidate before considering an attack to the $868 level. Below, a close support at $750, which if lost should send Ethereum back to $695. It's likely to see buyers appear again at this level, but being so close to a bullish trend line would make inevitable the come back to $680.

MACD in the Ethereum 4-hour chart is showing a horizontal profile just above the 0 line, with the signal line also very flat. The current profile supports the bullish lateral scenario, as inclination and opening are not optimal for big gains in case of a hypothetical cross to the upside.

Directional Movement Index in the same chart is confirming the buyers appearing below the $700 mark. Sellers vanished and are now moving below ADX, a sign of a steam-loss that usually appears at the end of terminal moves. That would also confirm the lateral bullish scenario.

BTC/USD 4-hour chart

Bitcoin is recovering the $9360 support, in an intermediate area between the $9184 support and the resistance located at $9646. If that one is broken, it would open the doors to a second attack to the $10000 level and higher levels.

Below there, a vital trendline is located at $8936. That should not be lost if BTC/USD bulls want to keep going, as a breach below there would heavily deteriorate the technical outlook, setting up several weeks of a whole new picture.

MACD in the Bitcoin 4-hour chart is trading below the 0 line, so we see some risk of a bearish continuation move. It's true that this pattern allows for major turns, but it also implies more weakness.

Directional Movement Index in the same chart is showing how the sellers are in control. Even if they have not increased their level, they are still moving above the ADX, a setup that allows for a bearish continuation. This is also showing how the Bitcoin technical chart is lagging the Ethereum one.

EOS/USD 4-hour chart

EOS has been the star of this early week, with consistent rises and not much room for doubts. The resistance at $18.70 is now the main target, which if broken, would take EOS/USD up straight to $21.45 as a previous step to an attack to the highs located at $22.61.

Below there, besides the aforementioned level at $18.70, we can find a support at $17.50, right where the 50-EMA is now trading. If that level were lost, major support can be found at $16.23.

MACD in the EOS 4-hour chart shows a bullish profile, with a cross to the upside above the 0 line, although with not much inclination or opening. MACD behavior might give us much more information if it is able to close above the $18.75, as it will allow some room to the upside, increasing the bullish acceleration potential.

Directional Movement Index in the same chart is showing the buyers in total control, with a clear bullish trend, while sellers are collapsing into minimum levels. On the other hand, ADX is at very low levels that don't show any trend strength. This needs to rapidly improve following the EOS price if the rises have to continue.

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