EOS Price Analysis – January 4

  • The medium and short-term outlook is in a bullish trend
  • Traders may consider buying at key area with bullish reversal candle as confirmation.

Eos, EOSUSD, Cryptocompare chartEOS chart by tradingview

EOSUSD Price Medium-term Trend: Bullish

  • Supply zones: $9.00, $10.00, $11.00
  • Demand zones: $2.00, $1.00, $0.50

EOS remains in a bullish trend in its medium-term outlook. The bearish pressure from the doji and yesterday's opening session was lost at the 50.0 fib area which was at $2.67 in the demand area. This was around the 50-EMA.

The bulls gradually returned before the end of yesterday session and pushed EOSUSD up at $2.76 in the supply area increased momentum the crypto at $2.85 in the supply area which was at the 23.6 fib area.

With the price above the 50-EMA and the stochastic oscillator at 28%, the bulls still remain in control. A retest and subsequent breakout at $3.00 in the supply area in the medium-term is probable.

EOSUSD Price Short-term Trend: Bullish

Eos, EOSUSD, Cryptocompare chartEOS chart by tradingview

EOS remains in a bullish trend in its short-term outlook. The bulls resumed the upward price movement yesterday after each touch at the key demand area around the $2.70. EOSUSD was up at $2.85 in the supply area before a drop to the key demand area as a result of the bearish pressure.

The bulls are gradually staging a comeback at the key demand area for a bounce to the upside.

The stochastic oscillator is in the oversold region at 13% and its signal pointing up an indication of upward momentum in the cryptocurrency price in the short-term.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.