EOS price declined towards the $2.400 support level before recovering against the US Dollar.The price is trading above $2.500, but it is facing a major hurdle near $2.600.There is a key bearish trend line forming with resistance near $2.620 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could struggle to clear the $2.600 and $2.620 resistance levels in the coming sessions.EOS price is holding the $2.400 support zone against the US Dollar, while bitcoin is rising....
Read More »EOS Price Analysis: Bulls Eyeing Crucial Break above $2.8 and $3.0
EOS price is trading above a couple of key supports near $2.700 against the US Dollar.The price is likely to start a strong increase if it clears the 55 simple moving average (4-hours) and $2.800.There is a major contracting triangle forming with resistance near $2.775 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could decline heavily if it breaks the main $2.650 support zone in the near term.EOS price is showing positive signs above $2.650 against the US...
Read More »EOS Price Analysis: Dips Supported For a Possible Push To $3
EOS price is trading nicely above the key $2.650 support zone against the US Dollar.The price is facing a short-term resistance near the $2.760 level, but it is well above 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $2.700 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair remains in an uptrend and it could continue to rise towards $3.000 in the near term.EOS price is gaining bullish momentum above the $2.700 level...
Read More »EOS Price Analysis: $2.65 Holds The Key For The Next Rally
EOS price retested the $2.400 support area and it is currently correcting higher against the US Dollar.The price is currently trading near the $2.550 resistance and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $2.650 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong increase if it clears the $2.650 resistance zone in the near term.EOS price is slowly recovering higher against the US...
Read More »EOS Price Analysis: Bearish Continuation Towards $2.30 Likely
EOS price failed to stay above the $2.700 resistance and declined recently against the US Dollar.The price is now trading below the $2.650 pivot level with a bearish angle.There was a break below a key ascending channel with support near $2.640 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair remains at a risk of more losses towards the $2.400 and $2.300 support levels.EOS price is currently facing an increase in selling pressure against the US Dollar, similar to...
Read More »EOS Price Analysis: Can Bulls Overcome The $2.60 Hurdle?
EOS price started a sharp decline after it failed to stay above $3.00 against the US Dollar.The price broke the key $2.600 support and traded as low as $2.169There is a major bearish trend line forming with resistance near $2.600 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair must climb above the $2.600 resistance zone to move into a positive zone.EOS price is currently correcting higher above $2.400 against the US Dollar, while bitcoin is rising. The price must...
Read More »EOS Price Analysis: Can $2.60 Produce A Fresh Rally?
EOS price started a major downside correction from the $3.121 high against the US Dollar.The price traded below the $3.000 and $2.800 support levels.There was a break below a major bullish trend line with support near $2.850 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is currently holding a crucial support at $2.600, which holds the key in the near term.EOS price is consolidating above a few important supports against the US Dollar, while bitcoin is rising. The...
Read More »EOS Price Analysis: Rallies 10%, Bulls Eye $3.5 or Higher
EOS price is up more than 10% and it broke the $3.000 resistance area against the US Dollar.It traded to a new monthly high at $3.123 and it is currently consolidating gains.There is a key bullish trend line forming with support near $2.880 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).There are high chances of more upsides above the $3.200 and $3.300 levels in the near term.EOS price is gaining bullish momentum and it up significantly against the US Dollar, similar to...
Read More »EOS Price Analysis: Bulls Eyeing Larger Bullish Breakout
EOS price is trading nicely above the $2.365 and $2.330 support levels against the US Dollar.The bulls are likely to gain strength if there is a clear break above $2.800.There is a crucial bullish trend line forming with support near $2.480 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).Dips remain well supported on the downside as long as the price is above $2.280.EOS price is showing a few positive signs against the US Dollar, similar to bitcoin. However, the bulls need...
Read More »EOS Price Analysis: Testing Significant Breakdown Support
EOS price is back in a negative zone below the $2.500 support against the US Dollar.There is a cluster of supports on the downside near the $2.300 level.There is a major declining channel forming with resistance near $2.500 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).A clear break below the $2.300 support zone could spark more downsides in the near term.EOS price is slowly moving back into a downtrend against the US Dollar, similar to bitcoin. However, if the price...
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