EOS price is showing positive signs above the .20 resistance against the US Dollar. The price is now trading below .25 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near .18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the .18 and .15 support levels. EOS price is rising above .20 against the US Dollar, similar to bitcoin. The price could gain bullish momentum if it clears the .25 and .30 resistance levels. EOS Price Analysis This past week, EOS price started a fresh increase from the .06 zone against the US Dollar. The price gained pace and was able to clear the .12 resistance zone. The price even broke the .20
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Aayush Jindal considers the following as important: Altcoin News, EOS, News, Trading
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- EOS price is showing positive signs above the $1.20 resistance against the US Dollar.
- The price is now trading below $1.25 and the 55 simple moving average (4-hours).
- There is a major bullish trend line forming with support near $1.18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
- The pair could continue to move up if it stays above the $1.18 and $1.15 support levels.
EOS price is rising above $1.20 against the US Dollar, similar to bitcoin. The price could gain bullish momentum if it clears the $1.25 and $1.30 resistance levels.
EOS Price Analysis
This past week, EOS price started a fresh increase from the $1.06 zone against the US Dollar. The price gained pace and was able to clear the $1.12 resistance zone.
The price even broke the $1.20 resistance zone and the 55 simple moving average (4-hours). The bulls even pushed the price above the $1.40 level. However, the bears appeared near the $1.45 level. As a result, there was a sharp decline below the $1.35 and $1.25 support levels.
The price declined below the 50% Fib retracement level of the upward move from the $1.060 swing low to $1.450 high. EOS is now trading below $1.25 and the 55 simple moving average (4-hours).
On the upside, an immediate resistance is near the $1.24 level. The first major resistance is near the $1.25 level, above which the price could rise steadily. In the stated case, it could rise towards the $1.30 level. Any more gains might send the price towards the $1.35 level.
On the downside, an immediate support is near the $1.20. The next key support is near the $1.18 level. There is also a major bullish trend line forming with support near $1.18 on the 4-hours chart of the EOS/USD pair.
If there is a downside break below the $1.18 support, the price could revisit the $1.050 support zone or even $1.000 in the coming sessions.
EOS Price
Looking at the chart, EOS price is now trading below the $1.25 level and the 55 simple moving average (4-hours). Overall, the price could continue to move up if it stays above the $1.18 and $1.15 support levels.
Technical indicators
4-hours MACD – The MACD for EOS/USD is gaining pace in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI is now near the 50 level.
Major Support Levels – $1.20 and $1.18.
Major Resistance Levels – $1.25 and $1.30.