eos-price-surges-10%-and-technicals-suggests-rally-above-$4

EOS Price Surges 10% and Technicals Suggests Rally Above $4

EOS designate began a right expand after it broke the $3.300 resistance zone towards the US Buck. A brand novel monthly excessive is formed attain $3.871 and it looks esteem there are potentialities of more upsides.

  • EOS formed a right beef up imperfect above $3.000 and rallied over 10% in the previous few hours.
  • The worth settled properly above the $3.500 pivot level and the 100 SMA (H4).
  • There used to be a spoil above a key bearish kind line with resistance attain $3.200 on the 4-hours chart of the EOS/USD pair (data feed from Kraken).
  • The pair might well well maybe continue to upward push above the $3.900 and $4.000 resistance levels in the attain time frame.

EOS Imprint is Gaining Momentum

This previous week, EOS designate formed a right beef up attain the $2.850 and $3.000 levels. It began a novel expand above the $3.200 resistance level and moved real into a obvious zone (equivalent to bitcoin, ETH, and TRX).

There used to be moreover a spoil above a key bearish kind line with resistance attain $3.200 on the 4-hours chart of the EOS/USD pair. The pair obtained tempo above the $3.500 pivot level and the 100 simple involving sensible (4-hours).

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It opened the doors for more gains and the worth traded to a novel monthly excessive attain $3.871. It’s in the intervening time consolidating gains attain the $3.800 level. An preliminary beef up is attain the $3.650 level. It’s terminate to the 23.6% Fib retracement level of the novel rally from the $2.877 low to $3.871 excessive.

EOS Price

EOS designate trades above $3.600. Provide: TradingView.com

The first predominant beef up on the plan back is attain the $3.500 level (the novel breakout zone). The subsequent beef up is attain the $3.350 level or the 50% Fib retracement level of the novel rally from the $2.877 low to $3.871 excessive.

On the upside, there might be a transient-time frame resistance attain the $3.850 level. A a success terminate above the $3.850 level might well well maybe birth the doors for a push towards $4.000 and even $4.200 in the attain time frame.

Dips More seemingly to be Restricted

If EOS starts a plan back correction, it can well well maybe catch bids attain the $3.500 level. The predominant beef up is now attain the $3.350 and $3.300 levels.

If there might be a plan back spoil below the $3.300 beef up, the worth might well well maybe lengthen its decline towards the $3.000 beef up zone.

Technical indicators:

4-hours MACD – The MACD is now gaining tempo in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for EOS/USD is now in the overbought zone.

Predominant Enhance Ranges – $3.500, adopted by $3.350.

Predominant Resistance Ranges – $3.850, $3.900 and $4.000.

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