- Bulls have taken control over the EOS/USD market for the last three days.
- In the short-term, EOS/USD buyers are looking to break past resistance at $2.43.
EOS/USD daily chart
- EOS/USD daily chart shows strong support at $2.20
- EOS/USD is about to overtake the 20-day simple moving average curve (SMA 20) which indicates a bullish market.
EOS/USD 4-hour chart
- Strong resistance lies at $2.43 which the buyers need to overcome to increase overall market value.
- EOS/USD is forming a triangle which is an indicator of an upcoming breakout.
EOS/USD hourly chart
- Hourly EOS/USD chart is trending in the upper half of the 20-day Bollinger band which indicates a bullish trend.
- The relative strength index (RSI) graph has continually entered or touched the overbought area for the last several sessions. This again indicates a buyer heavy environment.
Key Levels
- Resistance 3: $2.54427
- Resistance 2: $2.46713
- Resistance 1: $2.42197
- Pivot Point: $2.34483
- Support 1: $2.29967
- Support 2: $2.22253
- Support 3: $2.17737
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