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EOS

EOS technical analysis: EOS breaks a major level

  • EOS/USD is 3% higher on the session as many other cryptocurrencies suffer.
  • The trendline that originated back in May has now been broken.
EOS/USD technical analysis

Last week EOS/USD was flirting with the long term trendline that originated back at the end of May. 

After consecutive lower highs and lower lows it seems that the price has broken out to the upside. 

What is good about this move is that it was backed by volume. Right at the end of the move those who have a keen eye would notice the divergence from the RSI indicator. 

On the daily chart above the next major resistance is 5.50. This is where price found support after the rally up to 8.90 in May. 

3.00 could now be a base for the pair as it was firmly rejected and now inspired a break to higher levels. 

One thing I would be wary of on the technical standpoint is the RSI at its current level. Right now it is forming something called a failure swing or bearish hidden divergence. If it reaches overbought it might attract some sellers. From an intraday point of view 3.45 will be the support level to watch if there is some mean reversion after the break higher

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EOS

EOS Price Analysis: EOS/USD bulls fight back after three bearish days

  • EOS/USD dropped by $5.365 to $4.36 over the last three days.
  • The MACD indicates increasing bearish momentum.

EOS/USD daily chart

EOS/USD daily chart

Following three heavily bearish days, the buyers were able to take control of the market in the early hours Tuesday. The bulls were able to take the price of EOS/USD up from $4.36 to $4.45. Before this, EOS has three bearish days during which the price of the asset fell from $5.365 to $4.36, dropping below the SMA 20 in the process. The Elliott Oscillator has had four straight red sessions, while the MACD indicates increasing bearish momentum. The RSI indicator is hovering around the neutral zone, indicating that the buyers and sellers are trying to take control of the market.

news: saurce

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EOS

EOS Daily Tech Analysis – 17/02/20

EOS

EOS slid by 7.68% on Sunday. Following on from an 11.38% tumble on Saturday, EOS ended the day at $4.3850.

A bullish start to the day saw EOS rise to an early morning intraday high $4.8500 before hitting reverse.

Falling short of the first major resistance level at $5.2561, EOS slid to a late afternoon intraday low $4.0500.

EOS fell through the first major support level at $4.3749 before recovering to $4.38 levels late in the day.

At the time of writing, EOS was down by 4.66% to $4.1807. A bearish start to the day saw EOS fall from an early morning high $4.4002 to a low $4.1230.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move through to $4.43 levels to support a run at the first major resistance level at $4.8067.

Support from the broader market would be needed, however, for EOS to break out from the early morning high $4.4002.

Barring a broad-based crypto rebound, resistance at $4.50 levels would likely leave EOS short of the first major resistance level.

Failure to move through to $4.43 levels could see EOS struggle throughout the day.

A fall back through the morning low $4.1230 would bring the first major support level at $4.0067 into play.

Barring an extended crypto sell-off, however, EOS should steer of sub-$4.00 levels.

Looking at the Technical Indicators

Major Support Level: $4.0067

Major Resistance Level: $4.8067

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

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EOS

EOS Daily Tech Analysis – 15/02/20

EOS

EOS rose by 0.08% on Friday. Following on from a 0.42% gain on Thursday, EOS ended the day at $5.3600.

A choppy start to the day saw EOS rise to an early morning intraday high $5.4234 before hitting reverse.

Falling short of the first major resistance level at $5.5044, EOS slid to a mid-morning intraday low $5.2173.

Steering clear of the first major support level at $5.1883, EOS recovered to $5.38 levels before easing back to an afternoon low $5.2760.

Finding support late on recovered to $5.30 levels to close out the day in the green.

At the time of writing, EOS was down by 1.64% to $5.2723. A mixed start to the day saw EOS rise to an early morning high $5.3872 before sliding to a low $5.2265.

Falling short of the major resistance levels, EOS fell through the first major support level at $5.2437 early on.

For the day ahead

EOS would need to move back through to $5.33 levels to support a run at the first major resistance level at $5.4498.

Support from the broader market would be needed, however, for EOS to break out from Friday’s high $5.4234.

Barring a broad-based crypto rebound, the first major resistance level at $5.4498 and Friday’s high would likely limit the upside on the day.

Failure to move back through to $5.33 levels could see EOS fall deeper into the red.

A fall back through the first major support level at $5.2437 would bring sub-$5.20 levels into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of the second major support level at $5.1275.

Looking at the Technical Indicators

Major Support Level: $5.2437

Major Resistance Level: $5.4498

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

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