EOS stuck in a range as cryptocurrency market consolidates losses. The bulls lack motivation after the sharp drop from the highs marginally above $4.5. The cryptocurrency market is consolidating the losses that ensued on Sunday last week. EOS had pulled up above $4.5 before the bears swept into revenge. The sharp drop was unstoppable at $4.0 and at $3.7. However, the bulls found bearing at the supply zone seen at $3.6 and increased their entries. EOS has attempted to resume the uptrend above $3.8 without success. The lock-step trading shows that EOS does not have the power to break above the resistance, at least for now. The sideways trading within $3.4 – $3.8 range. Moreover, the short-term 50-day Simple Moving Average (SMA) has double-crossed below the longer term 100-day SMA to show the bears are still in control. A correction must be made above $3.6 (immediate resistance) to open the road for gains above $3.8 and the next resistance target at $4.0. EOS/USD 15′ 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 KBC Bank: Easing risk rally to slow the EUR/USD rebound? FX Street 4 years EOS stuck in a range as cryptocurrency market consolidates losses. The bulls lack motivation after the sharp drop from the highs marginally above $4.5. The cryptocurrency market is consolidating the losses that ensued on Sunday last week. EOS had pulled up above $4.5 before the bears swept into revenge. The sharp drop was unstoppable at $4.0 and at $3.7. However, the bulls found bearing at the supply zone seen at $3.6 and increased their entries. EOS has attempted to resume the uptrend above $3.8 without success. The lock-step trading shows that EOS does not have the power to break above… 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.
