- The bears have barely edged out bulls in the last two days to keep the overall market slightly bearish.
- Short-term EOS/USD charts show repetitive patterns leading to a possible breakout.
EOS/USD daily chart
- EOS/USD daily chart shows the relatively low volatility of the market. The price is floating between the support at $2.20 and resistance at $2.60.
- The short-term goal for the bulls is to break past the resistance of the downward trending line.
EOS-USD 4-hour chart
- The 4-hour EOS/USD chart shows repetitive bearish and bullish flag formations.
- The breakouts caused by each of those flags have seemingly canceled each other out.
EOS-USD hourly chart
- The EOS/USD price has been floating between th3 $2.34 support and the $2.36 resistance for 13 sessions before the last one.
- The last session broke off from the support, however, going by the pattern and the lack of momentum, the breakout will probably be canceled by the bulls soon.
Key Levels
- Resistance 3: $2.51227
- Resistance 2: $2.46624
- Resistance 1: $2.41097
- Pivot Point: $2.36493
- Support 1: $2.30967
- Support 2: $2.26363
- Support 3: $2.20836
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