EOS price bounces off the support at $2.85 to settle above $3.00. EOS bulls must first defend support at $3.00; then focus on breaking the wedge pattern resistance. EOS is surprisingly in the green on Tuesday as the Asian session paves the way for the European session. EOS/USD steadily recovered from the dive to $2.85 after falling victim to the selloff that ravaged through the cryptocurrency market on Sunday and Monday. The price is dancing at $3.07 at the time of writing. Advance towards $3.50 is an uphill task based on the prevailing technical picture. The RSI is slowly recovering from the oversold and marks the return of the bulls. The volume of buying entries is still low as many investors are skeptical that EOS is done with exploring the downside. Moreover, the MACD shows that the buyers have the urge and the push to pull the price higher but either lack the power to do or selling activities overwhelm them. A falling wedge pattern is, however, in formation. In other words, there is a possibility the current losses will culminate in a rally towards the 2020 high at $5.5. EOS bulls need to be very aggressive starting with the defends of the $3.00 support and then focus on breaking the wedge pattern resistance. EOS/USD 4-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 Asian stocks follow US equity futures, treasury yields to mark recovery FX Street 2 years EOS price bounces off the support at $2.85 to settle above $3.00. EOS bulls must first defend support at $3.00; then focus on breaking the wedge pattern resistance. EOS is surprisingly in the green on Tuesday as the Asian session paves the way for the European session. EOS/USD steadily recovered from the dive to $2.85 after falling victim to the selloff that ravaged through the cryptocurrency market on Sunday and Monday. The price is dancing at $3.07 at the time of writing. Advance towards $3.50 is an uphill task based on the prevailing technical picture. The RSI is slowly recovering… 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.
