EOS, NEM, Compound Price Analysis: 14 November

Further down the crypto-ladder, EOS seemed to have exhausted its recent bullish outlook while NEM’s chart exhibited a bearish divergence and was likely to see a pullback. At the time of writing, it appeared that EOS was rejected at $2.64, the 78.6% retracement level, before heading lower to $2.55.

The MACD showed strong bullish momentum due to a strong surge of nearly 8%, but the retracement move may be at an end after rejection at the 78.6% level, with resistance at $2.59 also present. This bearish divergence between price and momentum showed that a drop was imminent for XEM.

Timeline of Eos, Nem