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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & EOS – American Wrap 18 Aug

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & EOS – American Wrap 18 Aug
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Technical Analysis: BTC/USD slides below $12,000, no bearish continuation

Bitcoin is trading at $11,934 after a significant rejection from $12,387 dropping 3% within minutes. Bears haven’t gotten a lot of continuation just yet as Bitcoin is seeing some support from the daily 12-EMA at $11,763.

Ethereum Technical Analysis: ETH/USD slides below $420 after BTC fails to hold $12,000

Ethereum is currently trading at $422 after a slight pullback from $433 following Bitcoin’s retreat below $12,000. There are no red flags just yet for Ethereum bulls and the daily uptrend is still intact.

EOS Technical Analysis: EOS/USD early breakout is now under consolidation

EOS had a massive breakout on August 15 going from $3.26 to $3.85 and getting continuation the next day towards $4. EOS has been under consolidation for the past two days even though Bitcoin just had its initial breakout above $12,000.

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