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EOS Value Evaluation: Bulls Eye Upside Break Above $2.3

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  • EOS value began a recent enhance above the $2.00 zone in opposition to the US Greenback.
  • The value is now buying and selling above $2.10 and the 55 easy transferring common (4-hours).
  • There was a break above a key bearish development line with resistance close to $2.18 on the 4-hours chart of the EOS/USD pair (knowledge feed from Coinbase).
  • The pair might achieve bullish momentum if there’s a clear transfer above the $2.30 stage.

EOS value is displaying bullish indicators above $2.10 in opposition to the US Greenback, much like bitcoin. The value might proceed to rise if it settles above the $2.30 resistance zone.

EOS Value Evaluation

This week, EOS value began an honest enhance above the $2.05 resistance in opposition to the US Greenback. The value gained tempo for a transfer above the $2.15 resistance stage.

There was a break above a key bearish development line with resistance close to $2.18 on the 4-hours chart of the EOS/USD pair. The pair climbed above the 23.6% Fib retracement stage of the important thing decline from the $2.60 swing excessive to $1.88 low.

There was an honest transfer above the $2.20 stage and the 55 simple moving average (4-hours). Nonetheless, the worth struggled to clear the $2.30 resistance zone.

It is usually close to the 50% Fib retracement stage of the important thing decline from the $2.60 swing excessive to $1.88 low. A transparent transfer above the $2.30 resistance might begin a serious enhance. The subsequent main resistance is close to $2.40, above which the worth might rise to $2.55. Any extra beneficial properties may ship the worth in direction of the $2.72 stage and even $2.80.

On the draw back, the primary main assist is close to the $2.15 stage and the 55 easy transferring common (4-hours). The subsequent assist is now forming close to the $2.10 zone.

If there’s a draw back break under $2.10, the worth may drop to $2.00. Any extra losses may name for a transfer in direction of the $1.90 stage within the close to time period.

Eos Price

EOS Value

Wanting on the chart, EOS value is now buying and selling above the $2.10 stage and the 55 easy transferring common (4-hours). Total, the worth might achieve bullish momentum if there’s a clear transfer above the $2.30 stage.

Technical indicators

4-hours MACD – The MACD for EOS/USD is gaining tempo within the bearish zone.

4-hours RSI (Relative Power Index) – The RSI is now close to the 50 stage.

Main Assist Ranges – $2.15 and $2.10.

Main Resistance Ranges – $2.30 and $2.40.

Tags: EOS

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