EOS worth prolonged its decline and traded under $3.80 towards the US Greenback.
The worth is now buying and selling nicely under $4.00 and the 55 easy shifting common (4-hours).
There’s a main bearish pattern line forming with resistance close to $3.95 on the 4-hours chart of the EOS/USD pair (knowledge feed from Coinbase).
The pair may begin a good enhance if it clears the $4.40 and $4.50 resistance ranges.
EOS worth is buying and selling in a bearish zone under $4.00 towards the US Greenback, much like bitcoin. The worth may recuperate if it manages to clear the $4.40 resistance.
EOS Worth Evaluation
This previous week, EOS worth noticed a serious decline from nicely above the $5.00 resistance zone towards the US Greenback. The worth declined under the $4.50 assist stage and the 55 easy shifting common (4-hours).
There was additionally a break under the $4.20 and $4.00 assist ranges. Lastly, there was a spike under the $3.80 stage. The worth traded as little as $3.63 earlier than it began an upside correction. There was a restoration wave above the $3.80 and $3.90 ranges.
An instantaneous resistance is close to the $3.95 stage. There’s additionally a serious bearish pattern line forming with resistance close to $3.95 on the 4-hours chart of the EOS/USD pair.
The primary key resistance is close to the $4.00 stage and the 55 easy shifting common (4-hours). It’s close to the 23.6% Fib retracement stage of the important thing decline from the $5.50 excessive to $3.63 low. An in depth above the $4.00 stage may open the doorways for a gentle enhance.
The principle breakout zone may very well be close to $4.40 and $4.50. To start out a contemporary enhance, the value should settle above the $4.50 stage. The subsequent key resistance is close to the $5.10 stage.
On the draw back, the primary main assist is close to the $3.80 stage. The principle assist is now forming close to the $3.65 zone. If there’s a draw back break under the $3.65 assist, there may very well be a transfer in the direction of the $3.10 assist.
Trying on the chart, EOS worth is now buying and selling under $4.00 and the 55 easy shifting common (4-hours). Total, the value may begin a good enhance if it clears the $4.40 and $4.50 resistance ranges.
4-hours MACD – The MACD for EOS/USD is slowly gaining tempo within the bullish zone.
4-hours RSI (Relative Energy Index) – The RSI is now close to the 50 stage.
Main Assist Ranges – $3.80 and $3.65.
Main Resistance Ranges – $4.00 and $4.40.
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