EOS price rallied and was able to clear the .12 resistance against the US Dollar. The price is now trading above .12 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near .122 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the .18 and .20 resistance levels. EOS price is rising above .12 against the US Dollar, similar to bitcoin. The price could resume its increase if it clears the .18 and .20 resistance levels. EOS Price Analysis This week, EOS price started a fresh increase from the .04 zone against the US Dollar. The price gained pace and was able to clear the .10 resistance zone. The price broke the .12 resistance zone and
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- EOS price rallied and was able to clear the $1.12 resistance against the US Dollar.
- The price is now trading above $1.12 and the 55 simple moving average (4-hours).
- There is a major bullish trend line forming with support near $1.122 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
- The pair could continue to move up if it clears the $1.18 and $1.20 resistance levels.
EOS price is rising above $1.12 against the US Dollar, similar to bitcoin. The price could resume its increase if it clears the $1.18 and $1.20 resistance levels.
EOS Price Analysis
This week, EOS price started a fresh increase from the $1.04 zone against the US Dollar. The price gained pace and was able to clear the $1.10 resistance zone.
The price broke the $1.12 resistance zone and the 55 simple moving average (4-hours). The bulls even pushed the price above the $1.15 level. However, the bears appeared near the $1.18 level. A high is formed near $1.1804 and the price is now consolidating gains.
On the upside, an immediate resistance is near the $1.165 level. The first major resistance is near the $1.18 level, above which the price could rise steadily. In the stated case, it could rise towards the $1.20 level. Any more gains might send the price towards the $1.25 level.
On the downside, an immediate support is near the $1.135. It is near the 23.6% Fib retracement level of the upward move from the $0.9922 swing low to $1.180 high.
The next key support is near the $1.120. There is also a major bullish trend line forming with support near $1.122 on the 4-hours chart of the EOS/USD pair. If there is a downside break below the $1.12 support, the price could revisit the $1.08 support. It is close to the 50% Fib retracement level of the upward move from the $0.9922 swing low to $1.180 high.
EOS Price
Looking at the chart, EOS price is now trading above the $1.12 level and the 55 simple moving average (4-hours). Overall, the price could continue to move up if it clears the $1.18 and $1.20 resistance 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 – $1.112 and $1.080.
Major Resistance Levels – $1.18 and $1.20.