{"id":216143,"date":"2022-02-06T18:00:01","date_gmt":"2022-02-06T12:30:01","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=216143"},"modified":"2022-02-06T15:35:06","modified_gmt":"2022-02-06T10:05:06","slug":"shiba-inu-chainlink-eos-price-analysis-06-february","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/shiba-inu-chainlink-eos-price-analysis-06-february\/","title":{"rendered":"Shiba Inu, Chainlink, EOS Price Analysis: 06 February"},"content":{"rendered":"

As the bulls endeavored to oppose the long-term bearish tendencies in the market, Chainlink and EOS continued their up-channel oscillation. Chainlink flashed mixed near-term signals while EOS flashed a bullish bias.<\/span><\/p>\n

On the other hand, Shiba Inu’s bears attempted to snap the $0.00002233-level while the bulls defended 59-mark RSI support.<\/span><\/p>\n

Shiba Inu (SHIB)<\/span><\/strong><\/h4>\n
\"\"<\/a>
Source: TradingView, SHIB\/USD<\/figcaption><\/figure>\n

As the bulls failed to defend the $0.00002914-level, SHIB swiftly declined and lost 58.6% of its value (from 27 December). As a result, it touched its 15-week low on 22 January. Then, it saw a reversal after the buyers stepped in at the $0.00001864-level.<\/span><\/p>\n

The meme coin witnessed a bearish pennant on its 4-hour chart over the past two weeks. Interestingly, the bulls reclaimed the $0.000022-level support in the last two days after noting over 19% gains. The immediate resistance continued to stand at the upper trendline of the pennant.<\/span><\/p>\n

At press time, SHIB traded at $0.00002268. After a 30 point surge in two days, the <\/span>RSI\u00a0<\/span><\/strong>pulled back from the overbought territory in the last 24 hours. Thus, it tested the 59-mark while the bullish influence decreased. On top of it, the <\/span>AO\u00a0<\/span><\/strong>confirmed the decreasing buying influence as it approached its midline.<\/span><\/p>\n

Chainlink (LINK)<\/span><\/strong><\/h4>\n
\"\"<\/a>
Source: TradingView, LINK\/USDT<\/figcaption><\/figure>\n

The buyers lost their vigor after LINK broke down from the up-channel (yellow). Thus, LINK plunged by 53.09% (from 11 January) to hit its six-month low on 24 January. However, the bulls finally showed up at the $13.96-mark as the alt recorded a 34.28% recovery later.<\/span><\/p>\n

As a result, LINK pictured an ascending channel (white) on its 4-hour chart. Over the past week, the bulls have struggled to find a sustained close above the $17.76-level. Now, any reversals from here<\/span>\u00a0<\/span><\/strong>would find a floor at the $16.68-mark.<\/span><\/p>\n

At press time, the alt traded at $17.78. After poking the 67-level on 5 February, the <\/span>RSI\u00a0<\/span><\/strong>dived to test its immediate support. Any fall below the 60-mark could propel a further downfall. Besides, with the\u00a0<\/span>+DI\u00a0<\/span><\/strong>looking north, LINK painted mixed signals. Furthermore, the <\/span>ADX<\/span><\/strong> (directional trend) was extremely weak.<\/span><\/p>\n

EOS<\/span><\/strong><\/h4>\n
\"\"<\/a>
Source: TradingView, EOS\/USDT<\/figcaption><\/figure>\n

The recent down-channel (white) breakout quickly reversed due to the broader sell-off on 21 January. As a result, EOS marked a 30.41% decline and touched its 22-month low on 24 January.<\/span><\/p>\n

Since then, the alt has seen an up-channel (green) 25.5% recovery in the last 13 days. EOS noted over 13% gains in just two days before reversing from the upper trendline of the up-channel. The immediate resistance continued to stand at the upper trendline. Any retracements would find support near the <\/span>20 SMA<\/span><\/strong>\u00a0(red).<\/span><\/p>\n

At press time, EOS was trading above its <\/span>20-50 SMA\u00a0<\/span><\/strong>at $2.5. The bullish <\/span>RSI<\/span><\/strong>\u00a0saw impressive gains and found a sustainable close above the 61-mark.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

As the bulls endeavored to oppose the long-term bearish tendencies in the market, Chainlink and EOS continued their up-channel oscillation. Chainlink flashed mixed near-term signals while EOS flashed a bullish bias. On the other hand, Shiba Inu’s bears attempted to snap the $0.00002233-level while the bulls defended 59-mark RSI support. Shiba Inu (SHIB) As theContinue reading “Shiba Inu, Chainlink, EOS Price Analysis: 06 February”<\/span><\/a><\/p>\n","protected":false},"author":55,"featured_media":216147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[410],"class_list":["post-216143","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view","tag-link"],"acf":[],"yoast_head":"\nShiba Inu, Chainlink, EOS Price Analysis: 06 February - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Chainlink flashed mixed near-term signals while EOS flashed a bullish bias.On the other hand, Shiba Inu's bears attempted to snap the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/shiba-inu-chainlink-eos-price-analysis-06-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu, Chainlink, EOS Price Analysis: 06 February - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"As the bulls endeavored to oppose the long-term bearish tendencies in the market, Chainlink and EOS continued their up-channel oscillation. 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