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EOS, Neo, Maker Price Analysis: 18 March

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EOS registered strong volatility over the past three days, bouncing from $3.7 to $4.4 and back to $3.7 once more, just above its support level. On the contrary, Neo climbed strongly past an area of resistance while Maker consolidated above the $2,000-level.

EOS

EOS, Neo, Maker Price Analysis: 18 March

Source: EOS/USD on TradingView

The $4.3-$4.5 region can be highlighted as an area of supply, with EOS enjoying levels of support at $4, $3.9, and $3.65 under it. At the time of writing, EOS had tested the $3.9-level as support and was moving steadily higher.

The OBV showed that the past few days have seen more buying volume than selling. Such a rise in demand can push EOS to $4.4. 

The 20-period and 50-period EMAs (white and yellow) showed momentum was on the side of the bulls.

Neo [NEO]

EOS, Neo, Maker Price Analysis: 18 March

Source: NEO/USD on TradingView

The Volume Profile Visible Range showed that the Point of Control lay at $41.94. NEO saw a trading session with heavy buying volume shoot past the PoC, with the altcoin trading at $46.92, at the time of writing. 

The Stochastic RSI was in the overbought zone, with the same not pointing to an immediate pullback. However, a revisit to the $42-$43 region would likely make for attractive buying opportunities. The RSI was nearing the overbought territory and underlined bullish momentum, even as the price approached the $48-resistance level.

Maker [MKR]

EOS, Neo, Maker Price Analysis: 18 March

Source: MKR/USD on TradingView

On the lower timeframes, MKR has seen significant volatility. For the better part of the past two weeks, MKR has traded between $2,060 and $2,320. This 11% fluctuation in either direction were scalping opportunities on the hourly, but on the 4-hour chart, the Bollinger Bands showed relative calm.

The past few days saw MKR slip beneath the $2,061-mark to touch $1,951, but it has since climbed back above the $2,061-level. 

The lack of trading volume indicated consolidation, and the $2,100 and $2,280 levels can be used as safe take-profit levels.

Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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