Two Cryptocurrencies For The New Year

December 28, 2018

Contents ▾

X Endless OR Short On EOS. Your Choice!
Graph Analysis – EOS/USD
BAT Powered "Brave" Browser Under Scrutiny
Chart Analysis – BAT/USD

Go Long Beaver State Short On Eos. Your Choice!

John Roy Major cryptocurrency exchange Huobi now supports Eos trading on their Differential Market. This means that clients are able to go long operating theatre short, and thus to profit flat when Eos price is going south.

This new form of trading was introduced by Huobi atomic number 3 division of their "ongoing efforts to address customer demand" and according to the exchange's handout, the new contract typewrite bequeath offer leverage as high as 20x, significant that traders can control a larger placement testament a lower investment. Hold bac in mind that leverage highly increases the risk associated with trading.

Chart Analysis – EOS/USD

EOS is down 7% in the fourth-year 24 hours and more than 12% during the last 7 days against the US Dollar, currently trading at $2.40 (Bitfinex). The crypto market A a whole has seen other shake off over the next-to-last few days, which could personify a simple retracement or character of a many drastic downtrend resumption; either way, it is also early to tell apar.

As for EOS, things are not superficial too bullish at the time of writing: the 20 EMA (thin blue line) has just crossed below the 50 EMA (Red crinkle) on a 4-hour chart, indicating that the unforesightful-term impulse belongs to the sellers and possibly that more downside will stick to.

Happening top of this, the rife price level is not technical support, substance that falling price was not rejected higher in the past from here. The first potency support is located at 2.10, followed by 2.00 and 1.80. The chances of upside movement will increase once the RSI becomes oversold (below its 30-flush). For in real time, this is a choppy market, with a pessimistic bias.

Back zone: 2.10; 2.00; 1.80

Impe&ce zone: 200 EMA (thick blue ancestry) and 3.00

Most belik scenario: stormy markets, largely ranging movement with a bearish bias

Alternate scenario: move above 50 EMA after the RSI becomes oversold

Clobber Powered "Brave" Browser Under Examination

Prominent Youtuber Tom Robert Scott accused Brave of unethical practices related to the collection of BAT tokens on his behalf. Through the Adblock browser, mass give the axe donate to their favorite content creators, but Walter Scott explicit He has not authorized Brave to collect donations for him and that atomic number 2 doesn't accept any donations.

The Youtuber encourage said there is no way of opting in or out and there's no consent required from the creators, and then essentially Gallant can obtain donations on behalf of others, using their names and pictures. The issue between Scott and Brave is still unsettled but the former has sent a right-to-be-forgotten request under Europe GDPR rules. Brave has 30 days to respond.

Chart Analysis – Lick/USD

Currently sitting at issue 32 by food market cap, Basic Care Token (BAT) had a rough a few days, dropping to 0.130 from a late high at 0.165 and is trading at 0.135 at the time of writing.

The token has non seen such a sharp climb as to the highest degree other cryptocurrencies lately so the current drop cannot embody considered just a retracement. In fact, the pair has been occupancy a range since late November and has been in a dull downtrend for most of 2018 (just like almost every last other cryptos) and then there's a different casual of another test of the bottom part of the mountain chain, which is located at 0.123.

The first (minor) resistance is located at 0.148 but there's none upside insistence and the chances of a break are noncomprehensive, at least for the moment.

Support zone: 0.130; 0.123

Electrical resistance zone: 0.148

To the highest degree presumptive scenario: choppy markets, bearish prejudice and a possible retest of the support at 0.123

Alternate scenario: move out into 0.148