EOS price surged higher this
past week above the $5.00 and $5.50 resistances against the US Dollar. EOS is trading
in a range and it seems to be preparing for the next break versus USD, BTC and
Key Talking Points
- EOS price is placed in a positive zone above the
$5.40 and $4.85 supports (Data feed of Kraken) against the US Dollar.
- There is a crucial contracting triangle in place
with support at $5.40 on the 4-hours chart.
- The price is setting up for the next break either
above $5.70 or towards the $4.85 support level.
EOS Price Analysis
This past week, there was a strong rally in bitcoin, ripple, litecoin, Ethereum and EOS against the US Dollar. Earlier, EOS price consolidated below the $4.20 and $4.40 resistance levels. Later, it surged higher and broke many resistances such as $4.40, $5.00 and even $5.50.
above indicates that EOS price climbed higher sharply after it broke the $4.40
resistance and settled above the 100 simple moving average…
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