EOS sustains gains from the dip on Friday above the rising trendline. The congestion of sellers at $2.95 hinders growth above $3.0 (key barrier). The crypto bulls are making a comeback during the Asian trading hours on Tuesday. This follows are a mundane weekend session. The action on Monday was relatively bullish but the majority of cryptocurrencies are still locked under key resistance barriers just like EOS. The critical barrier at $3.0 has been a hard nut to crack. The intense pressure put on the barrier in the last one week resulted in EOS slashing most of the gains. Action from Friday’s low at $2.71 tested the region on Monday but also failed. Fortunately, the downside is protected by the 50 Simple Moving Average (SMA) on the one-hour chart, the 100 SMA and the ascending trendline. The immediate upside is forced to deal the congestion of sellers at $2.95 in preparation for another assault on $30. Meanwhile, the Relative Strength Index (RSI) is holding ground above 50. The indicator has corrected upwards from the lows at 45. Continued upward movement will encourage more buyers to increase their entries. As long as the Moving Average Convergence Divergence stays above the zero line, EOS bulls will have an opportunity to focus on higher grounds. EOS/USD one-hour 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 USD/JPY technical analysis: Firm above two-week-old rising trendline, 4H 50MA FX Street 3 years EOS sustains gains from the dip on Friday above the rising trendline. The congestion of sellers at $2.95 hinders growth above $3.0 (key barrier). The crypto bulls are making a comeback during the Asian trading hours on Tuesday. This follows are a mundane weekend session. The action on Monday was relatively bullish but the majority of cryptocurrencies are still locked under key resistance barriers just like EOS. The critical barrier at $3.0 has been a hard nut to crack. The intense pressure put on the barrier in the last one week resulted in EOS slashing most of the gains. Action… 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.
