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EOS

EOS Price Analysis: EOS/USD looks to target 2.50

  • EOS trades over 13% higher as crypto sentiment improves on Thursday.
  • There is massive amounts of buying volume at 1.50 and now the price could target 2.50.

EOS/USD daily chart

Within the last month the price of EOS has fallen from a high of 5.50 to a low of 1.43. Since hitting that low the price has bounced back to 2.30 on Thursday. There was a massive amount of volume at those lows. This could suggest there is lots of buying volume at lower levels and the bulls may be in control now. The psychological 2.00 level has also been retaken and if the price pulls back then the level could act as a support zone.

Looking closer at the chart, the price bounced off the red support trendline and has now pushed above the top of the internal trendline. The resistance

 levels to watch out for are 2.50 and 3.33, there is also another psychological zone in the way (3.00). In terms of Fibonacci levels the 50% line also comes in at 3.50 and if the buying volume keeps up then there could be a test of that too.

EOS price analysis

Additional levels

EOS/USD

OVERVIEW
Today last price2.2883
Today Daily Change0.27970
Today Daily Change %13.93
Today daily open2.0086
TRENDS
Daily SMA202.94704
Daily SMA503.83785
Daily SMA1003.40291
Daily SMA2003.30058
LEVELS
Previous Daily High2.0149
Previous Daily Low1.8772
Previous Weekly High3.648
Previous Weekly Low1.42
Previous Monthly High5.4861
Previous Monthly Low3.3535
Daily Fibonacci 38.2%1.9623
Daily Fibonacci 61.8%1.9298
Daily Pivot Point S11.9189
Daily Pivot Point S21.8292
Daily Pivot Point S31.7812
Daily Pivot Point R12.0566
Daily Pivot Point R22.1046
Daily Pivot Point R32.1943

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