EOS recovery cut short under the descending trendline resistance. EOS is likely to settle in a range between $2.8 and $2.7 according to various technical indicators. The crypto market is subtly in the green after a devastating 48 hours of enduring hostility from the sellers. EOS was not spared from the drop as the price crept lower towards $2.5. Luckily a low was formed at $2.53 which has finally given way the ongoing shallow recovery. The gains from the dip tread towards $2.8 but the momentum ran out of steam at $2.79. An adjustment from the highs on Thursday has sunk the price beneath the Bollinger Band one-hour middle curve. Besides, the immediate upside is limited by the descending triangle resistance. On the brighter side, the Moving Average Convergence Divergence (MACD) has recovered from -0.0657 to hold on to the mean line (0.00). Also visible is the positive divergence, which suggests that the buyers are slightly in control. However, investors should not expect rapid upward movements according to the ranging Relative Strength Index. XRP/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 Monero price analysis: XMR/USD going through a period of low market volatility FX Street 3 years EOS recovery cut short under the descending trendline resistance. EOS is likely to settle in a range between $2.8 and $2.7 according to various technical indicators. The crypto market is subtly in the green after a devastating 48 hours of enduring hostility from the sellers. EOS was not spared from the drop as the price crept lower towards $2.5. Luckily a low was formed at $2.53 which has finally given way the ongoing shallow recovery. The gains from the dip tread towards $2.8 but the momentum ran out of steam at $2.79. An adjustment from the highs on Thursday has… 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.
