EOS followed its rivals and reached our targets on Wednesday, but later declined towards the support. EOS/USD added more than three percent in the past 24 hours. The currency pair moves along the ascending trend line and looks bullish.
The currency pair tested the resistance area at $9.03 on Wednesday. However, EOS was unable to jump over it and retreated towards the ascending trend line, where it found support as sellers failed to push it lower.
There is a bullish Hammer pattern currently meaning EOS/USD is able to resume its uptrend in the nearest future. We think that bullish target lies at resistance area at $9.60. This scenario looks very promising.
Bears seem to lose momentum. However, if they take force, they will push the currency pair towards the ascending trend line again and if successful there, will push it towards the next support at $8.29.
Check the full crypto analysis HERE>>>.
The currency pair tested the resistance area at $9.03 on Wednesday. However, EOS was unable to jump over it and retreated towards the ascending trend line, where it found support as sellers failed to push it lower.
There is a bullish Hammer pattern currently meaning EOS/USD is able to resume its uptrend in the nearest future. We think that bullish target lies at resistance area at $9.60. This scenario looks very promising.
Bears seem to lose momentum. However, if they take force, they will push the currency pair towards the ascending trend line again and if successful there, will push it towards the next support at $8.29.
Check the full crypto analysis HERE>>>.
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