Small breakout seen, but lack of volume is a dampener. EOS stuck in a downward sloping parallel channel. EOS, although has given a small breakout on the medium term charts, but given the lack of volumes in the weekend trading, chances of this breakout sustaining on the upside are very slim and it may drop back into the downward sloping channel. EOS/USD is down just under 1 percent on day at $2.788, around low point of the day. On the 360-minute chart of the crypto, it managed to break out of the downward sloping parallel channel over the weekend driven low volume trading. Its this characterstic of low volume that makes this breakout untrustworthy for the bulls to rely on. Real test for the bulls will be on Monday when volumes return and bulls as well as bears equally try to gain control of the battleground. Immediate strong resistance is placed around $3.03 in the form of 100 days SMA and support around $2.62 in the form of 50 days EMA. EOS/USD 360-minute chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ripple’s XRP: Downside protected but upside capped FX Street 4 years Small breakout seen, but lack of volume is a dampener. EOS stuck in a downward sloping parallel channel. EOS, although has given a small breakout on the medium term charts, but given the lack of volumes in the weekend trading, chances of this breakout sustaining on the upside are very slim and it may drop back into the downward sloping channel. EOS/USD is down just under 1 percent on day at $2.788, around low point of the day. On the 360-minute chart of the crypto, it managed to break out of the downward sloping parallel channel over the weekend driven… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
