EOS Price Analysis – February 18

  • The medium and short-term outlook is in a bullish trend.
  • Traders may look to buying at keys reversal areas

Eos, EOSUSDEOS 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 continues in bullish trend in its medium-term outlook. The strong bullish pressure broke out of seemly prolong consolidation over the weekend. $3.00 in the supply area predicted was broken with a large bullish candle. EOSUSD rose initially to $3.17 and later to $3.20 in the supply area as the bullish momentum increased.

The large bullish candle is suggestive of upward price continuation. This was further confirmed with the price above the two EMAs, which are fanned apart an indication of strength in the context of the trend and in this case the uptrend.

The stochastic oscillator signal points up in the overbought region at 82%. These suggest an upward momentum in price in the medium term.

EOSUSD Price Short-term Trend: Bullish

Eos, EOSUSDEOS chart by tradingview

EOS is in bullish trend in its short-term outlook. The upper supply area of the range at $3.03 was nicely broken after a bullish 1-hour opening candle.at $2.89. The bulls had kept the price above the two EMAs most times over the weekend. The cryptocurrency rose to $3.20 in the supply area.

The price remains above the two EMAs crossover which are fanned apart and the stochastic oscillator signal points up at 64% in the overbought region. These imply an upward momentum in price with a target at $3.50 in the supply area in the short-term as the momentum up north increase.

 

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.