• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

EOSUSD Tests Daily Ichimoku Cloud With 29% Surge

By Kurt Osterberg · On April 12, 2018

EOS/USD made yet another stunning bullish move on Wednesday, after days of consolidation which followed its rallies in March. The 30% surge helped EOS/USD test above the 61% Fibonacci retracement level of $7.4, as well as the lower band of the daily Ichimoku cloud. 

With this, EOS became the leader of an otherwise partially bullish cryptocurrency market.

What is Behind EOSUSD Surge?

The reason behind this specific surge in EOSUSD is not clear as of yet. However, EOSIO has been making exciting announcements in the past few weeks.

On April 6th, first feature-complete pre-release of EOSIO, Dawn 3.0 was announced, presenting scalability and Inter-Blockchain Communication features as some of its key elements of its blockchain infrastructure.

On the same day, Block.one, the developer of the EOSIO software, signed a $200m joint venture partnership to accelerate  EOSIO’s ecosystem development.

This was the fourth injection of capital through Block.one’s EOS VC initiative which now totals 600m USD.

Michael Cao, the founder of a blockchain mining facility in the United States and prominent investor in key blockchain infrastructure throughout the world is one of the other partners, who is convinced that the speed, scalability, and usability of the EOSIO open-source platform will enable rapid and radical innovations.

EOS/USD Price Action

Taking a look at the daily chart, EOSUSD price is currently supported at $5.7 and $4.3 respectively. It aims to reach the 50% Fibonacci resistance of $9.6. A break above the daily Ichimoku cloud could open doors to further gains towards $11.71.

With a market cap of just over $6b, EOS is the 6th largest cryptocurrency trailing behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.

As the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    The 5 Most Important Characteristics of a Strong Company Culture

  • Finance

    Social Media Lead Generation For Small Business

  • Finance

    Cultural Awareness: Accents Affect Professional Credibility and Communication – Even if you Don’t Have One

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates

New Posts

  • The 5 Most Important Characteristics of a Strong Company Culture

    The 5 Most Important Characteristics of a Strong Company Culture

    January 25, 2021
  • Social Media Lead Generation For Small Business

    Social Media Lead Generation For Small Business

    January 25, 2021
  • Cultural Awareness: Accents Affect Professional Credibility and Communication – Even if you Don’t Have One

    Cultural Awareness: Accents Affect Professional Credibility and Communication – Even if you Don’t Have One

    January 25, 2021
  • Growth Through Acquisitions – A Key to Accelerating Sales and Profits

    Growth Through Acquisitions – A Key to Accelerating Sales and Profits

    January 25, 2021
  • Social Media Lead Generation For Small Business

    Social Media Lead Generation For Small Business

    January 25, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018 NJCEE. All Rights Reserved.