burjohny

EOS has been facing resistance close to the 38.2

BITFINEX:EOSUSD   EOS / Dollar
A break out of this level can result in a move to $3.5147, which is the 50 percent retracement level of the recent fall. The 50-day SMA is also close to this level, so we anticipate it to act as a stiff resistance.

Conversely, if the EOS/USD pair turns down from the current levels, it can find some support at the 20-day EMA and below it at $2.1733. The flattening 20-day EMA and the RSI in the neutral zone suggest a consolidation in the near-term.

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