Sunday , October 2 2022
Home / Altcoins / EOS Price Analysis: Bulls Eye More Upsides

EOS Price Analysis: Bulls Eye More Upsides

Summary:
EOS price is gaining pace above the .20 resistance against the US Dollar. The price is now trading above .10 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near .12 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 .15 and .12 support levels. EOS price is rising above .15 against the US Dollar, similar to bitcoin. The price could gain bullish momentum if it clears the .28 and .30 resistance levels. EOS Price Analysis This week, EOS price started a fresh increase from the .05 zone against the US Dollar. The price gained pace and was able to clear the .10 resistance zone. The price even broke the .15 resistance zone and the

Topics:
Aayush Jindal considers the following as important: , , ,

This could be interesting, too:

Nick Marinoff writes Jackson Palmer Wants to Be Free of Elon Musk

Nick Marinoff writes Did Bitcoin Get Caught Up in Hype Surrounding The Merge?

Nick Marinoff writes MicroStrategy Will Sell Stock to Buy More BTC

Nick Marinoff writes Crypto Pool Enterprise Poolin Is Halting All Withdrawals

  • EOS price is gaining pace above the $1.20 resistance against the US Dollar.
  • The price is now trading above $1.10 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $1.12 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 $1.15 and $1.12 support levels.

EOS price is rising above $1.15 against the US Dollar, similar to bitcoin. The price could gain bullish momentum if it clears the $1.28 and $1.30 resistance levels.

EOS Price Analysis

This week, EOS price started a fresh increase from the $1.05 zone against the US Dollar. The price gained pace and was able to clear the $1.10 resistance zone.

The price even broke the $1.15 resistance zone and the 55 simple moving average (4-hours). There was a steady increase above the 61.8% Fib retracement level of the downward move from the $1.270 swing high to $1.060 swing low.

The price is now trading above $1.10 and the 55 simple moving average (4-hours). There is also a key bullish trend line forming with support near $1.12 on the 4-hours chart of the EOS/USD pair.

On the upside, an immediate resistance is near the $1.27 level. The first major resistance is near the $1.30 level, above which the price could rise steadily. In the stated case, it could rise towards the $1.32 level. It is near the 1.236 Fib extension level of the downward move from the $1.270 swing high to $1.060 swing low.

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 $1.15 level and the trend line. If there is a downside break below the $1.15 support, the price could revisit the $1.050 support zone.

EOS Price

EOS Price

Looking at the chart, EOS price is now trading above the $1.15 level and the 55 simple moving average (4-hours). Overall, the price could continue to move up if it stays above the $1.15 and $1.12 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 above the 50 level.

Major Support Levels – $1.20 and $1.15.

Major Resistance Levels – $1.28 and $1.30.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *