The SMA 20 curve acts as immediate market resistance. The MACD indicator shows decreasing bullish momentum. After dropping below the $0.30 level on 15th October, EOS/USD has been trending horizontally in a narrow range between $2.87 and $3. The price is trending in a flag formation and is struggling to break past the resistance provided by the downward trending line and the 20-day Simple Moving Average (SMA 20) curve. The hourly breakdown shows us that the price spiked from $2.93 to $3.03 in just one hour, where it found resistance and eventually fell to $2.88. EOS/USD daily chart The 20-day Bollinger Band has constricted and its width is trending around 0.16, which indicates decreasing market volatility. The price is floating below the SMA 20, SMA 50 and SMA 200 curves. The Moving Average Convergence/Divergence (MACD) indicates decreasing bullish momentum. The Elliott Oscillator shows four straight bullish sessions, while the Relative Strength Index (RSI) indicator is trending around 40.50. 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 US: Downward surprise in Housing data – TDS FX Street 3 years The SMA 20 curve acts as immediate market resistance. The MACD indicator shows decreasing bullish momentum. After dropping below the $0.30 level on 15th October, EOS/USD has been trending horizontally in a narrow range between $2.87 and $3. The price is trending in a flag formation and is struggling to break past the resistance provided by the downward trending line and the 20-day Simple Moving Average (SMA 20) curve. The hourly breakdown shows us that the price spiked from $2.93 to $3.03 in just one hour, where it found resistance and eventually fell to $2.88. EOS/USD daily chart The 20-day… 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.
