EOS price started a fresh increase above the .00 zone against the US Dollar. The price is now trading above .10 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near .18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could gain bullish momentum if there is a clear move above the .30 level. EOS price is showing bullish signs above .10 against the US Dollar, similar to bitcoin. The price could continue to rise if it settles above the .30 resistance zone. EOS Price Analysis This week, EOS price started a decent increase above the .05 resistance against the US Dollar. The price gained pace for a move above the .15 resistance level. There was a break above a key
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Aayush Jindal considers the following as important: Altcoin News, EOS, News, Trading
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- EOS price started a fresh increase above the $2.00 zone against the US Dollar.
- The price is now trading above $2.10 and the 55 simple moving average (4-hours).
- There was a break above a key bearish trend line with resistance near $2.18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
- The pair could gain bullish momentum if there is a clear move above the $2.30 level.
EOS price is showing bullish signs above $2.10 against the US Dollar, similar to bitcoin. The price could continue to rise if it settles above the $2.30 resistance zone.
EOS Price Analysis
This week, EOS price started a decent increase above the $2.05 resistance against the US Dollar. The price gained pace for a move above the $2.15 resistance level.
There was a break above a key bearish trend line with resistance near $2.18 on the 4-hours chart of the EOS/USD pair. The pair climbed above the 23.6% Fib retracement level of the key decline from the $2.60 swing high to $1.88 low.
There was a decent move above the $2.20 level and the 55 simple moving average (4-hours). However, the price struggled to clear the $2.30 resistance zone.
It is also near the 50% Fib retracement level of the key decline from the $2.60 swing high to $1.88 low. A clear move above the $2.30 resistance could start a major increase. The next major resistance is near $2.40, above which the price could rise to $2.55. Any more gains might send the price towards the $2.72 level or even $2.80.
On the downside, the first major support is near the $2.15 level and the 55 simple moving average (4-hours). The next support is now forming near the $2.10 zone.
If there is a downside break below $2.10, the price might drop to $2.00. Any more losses might call for a move towards the $1.90 level in the near term.
EOS Price
Looking at the chart, EOS price is now trading above the $2.10 level and the 55 simple moving average (4-hours). Overall, the price could gain bullish momentum if there is a clear move above the $2.30 level.
Technical indicators
4-hours MACD – The MACD for EOS/USD is gaining pace in the bearish zone.
4-hours RSI (Relative Strength Index) – The RSI is now near the 50 level.
Major Support Levels – $2.15 and $2.10.
Major Resistance Levels – $2.30 and $2.40.