EOS/USD has been range-bound with bearish bias recently The critical long-term resistance is located at $4.20. EOS has been pretty directionless lately. The 7th largest digital asset with the current market value of $2.7 billion is siting in a tight range, limited by $3.00 on the upside and $2.70 on the downside. EOS/USD has been unable ot move outside this channel since September 25. Read also: EOS shows resilience as Block.one fined $24 million by SEC EOS/USD, the technical picture EOS/USD recovery is limited by the psychological $3.00. Once it is out of the way, the upside is likely to gain traction with the next focus on $3.40-$3.50 This resistance area is created by a combination of SMA50 (Simple Moving Average) and the middle line of the Bollinger Band on a daily chart. A sustainable move above this handle will negate a bearish scenario and allow for an extended recovery towards $4.00-$4.20. A SMA100 daily located in this area will serve as a real stress-test for EOS bulls. Back in September, this barrier stopped the recovery and triggered a new wave of sell-off. On the downside, if $2.70 is broken, the sell-off may continue towards September 24 low at $2.40 and towards the lower line of a daily Bollinger Band at $2.30. EOS/USD, one-day 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 EUR/USD loses the grip and recedes to 1.0940 FX Street 3 years EOS/USD has been range-bound with bearish bias recently The critical long-term resistance is located at $4.20. EOS has been pretty directionless lately. The 7th largest digital asset with the current market value of $2.7 billion is siting in a tight range, limited by $3.00 on the upside and $2.70 on the downside. EOS/USD has been unable ot move outside this channel since September 25. Read also: EOS shows resilience as Block.one fined $24 million by SEC EOS/USD, the technical picture EOS/USD recovery is limited by the psychological $3.00. Once it is out of the way, the upside is likely to… 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.
