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EOS Price Analysis: EOS moves above 2.00 once again

  • EOS has bounced back after the recent price drop and trades 6.6% higher.
  • The price has broken the main wave low of 2.15 which is a bearish sign.

EOS/USD daily chart

EOS has been trading in very bearish territory and continues to make lower highs and lower lows. The price of the pair broke below the psychological 2.00 handle recently and has now pushed back above it in recent trade. There is also a large amount of volume behind the move higher. In retrospect, this is a far cry from the 5.50 just one month ago. 

The bulls would need a break above 2.25 to confirm a break above the top of the consolidation point. The blue internal trendline has also offered some support to stem the losses. The sticky congested 3.00 area seems to be acting like a mean value for the price. So, if the price does break higher watch out for some resistance there.

EOS support break

Additional levels


Today last price2.00331
Today Daily Change0.09951
Today Daily Change %5.23
Today daily open1.9038
Daily SMA203.10546
Daily SMA503.91836
Daily SMA1003.41733
Daily SMA2003.31343
Previous Daily High2.0577
Previous Daily Low1.7213
Previous Weekly High3.648
Previous Weekly Low1.42
Previous Monthly High5.4861
Previous Monthly Low3.3535
Daily Fibonacci 38.2%1.8498
Daily Fibonacci 61.8%1.9292
Daily Pivot Point S11.73083
Daily Pivot Point S21.55787
Daily Pivot Point S31.39443
Daily Pivot Point R12.06723
Daily Pivot Point R22.23067
Daily Pivot Point R32.40363

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