CryptoComes

EOS/USD Goes Upward. What's Next???

EOS has lost more than one percent in the past 24 hours, but the currency pair looks better than its rivals as EOS/USD still stays above the green ascending trend line. EOS develops its upside tendency, but has difficulties as we can see several downside corrections on the way.
Let’s have a closer look at the Hourly chart. The currency pair has reached the closest support area at $13.45 on Wednesday but failed to hold this position as EOS/USD has started to grow towards $14.11 resistance area. The currency pair still stays there. The possible ways for EOS are the following:
1. Red scenario (bearish). The currency pair will reach the closest suport area at $13.45 and jump over it targeting the next support area at $12.80. There will be the green ascending trend line on the way.
2. Orange scenario (neutral). EOS/USD will reach the closest support area at $13.45, but jump off it targeting the closest resistance area at $14.11.
3. Green scenario (bullish). EOS/USD will move towards $14.11 resistance area to test it. If successful, buyers will be able to drive the currency pair even higher targeting the next resistance area at $14.69.

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