EOS broke out earlier this month, without follow up. 100 DMA too proving a hurdle. EOS, the crypto that turned back to square one after rallying more than 600 percent in April, managed to break out again earlier this month, but the momentum faded away after it failed to cross past key resistances. EOS/USD is flat on day at $5.74 and trading in less than 3 percent range for the day. Daily chart’s key descending trendline failed to hold EOS bulls and it managed to break the shackles, but what lacked was the follow up buying after the breakout. What added to the misery was resistance in the form of 100 days SMA (Simple Moving Average) that’s holding back the bulls. EOS/USD daily 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 Bitcoin price analysis: This hurdle is bulls’ headache FX Street 4 years EOS broke out earlier this month, without follow up. 100 DMA too proving a hurdle. EOS, the crypto that turned back to square one after rallying more than 600 percent in April, managed to break out again earlier this month, but the momentum faded away after it failed to cross past key resistances. EOS/USD is flat on day at $5.74 and trading in less than 3 percent range for the day. Daily chart's key descending trendline failed to hold EOS bulls and it managed to break the shackles, but what lacked was the follow up buying after the breakout. What… 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.
