cryptocurrency

EOS Price Analysis: Activates under $1.3

  • EOS price started a new decline from the $1.50 resistance level against the US Dollar.
  • The price is now trading below $1.40 and the 55 simple moving average (4 hours).
  • There is a major bearish trend line forming with resistance near $1.255 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could start a new increase if it stays above the $1.155 and $1.150 support levels.

EOS price drops below $1.30 against the US dollar, similar to Bitcoin. The price could start a new increase if it crosses the $1.255 and $1.35 resistance levels.

EOS Price Analysis

This week, EOS price started a new decline from the $1.50 area against the US Dollar. The price traded below the $1.45 and $1.40 levels to enter a falling zone.

The price broke the $1.30 support area and the 55 simple moving average (4-hours). The bears even pushed the price below the $1.25 level. The bottom formed near $1.156 and the price is now consolidating losses. On the upside, immediate resistance is near the $1,235 level.

The 23.6% Fib retracement level of the downside move from the $1,489 high to $1.156 is also near the $1,235 level. Besides, there is a major bearish trend line forming with resistance near $1.255 on the 4-hour chart of the EOS/USD pair.

The first major resistance is near the $1.35 level. It is near the 50% Fibonacci retracement level of the downside move from $1,489 to the low of $1,156, which the price could climb steadily above. In the mentioned case, it could rise towards the $1.45 level.

Any further gains could send the price towards the $1.50 level. On the downside, immediate support is near $1.155. The next major support is near the $1.150 level. If there is a downside breakout below the $1,150 support, the price may test the $1.05 support.

EOS price

look at me ScheduleEOS price is now trading below the $1.30 level and the 55 simple moving average (4 hours). In general, the price could start a new increase if it stays above the $1.155 and $1.150 support levels.

Technical Indicators

4-hour MACD – The MACD for EOS/USD is gaining momentum in bearish territory.

4-hour RSI (Relative Strength Index) – The RSI is now below the 50 level.

Key support levels – $1.155 and $1,150.

The main resistance levels are – $1.255 and $1,350.

Tags: EOS

#EOS #Price #Analysis #Activates

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