EOS/USD has recovered strongly on Monday. The coin stopped on approach to critical $4.0. EOS gained over 4% of its value in recent 24 hours. Despite a rather slow movement during early Asian hours, the coin remains one of the best-performing altcoins out of top-20. At the time of writing, EOS/USD is changing hands at $3.89, off the recent high reached at $3.96. EOS/USD, the technical picture EOS/USD managed to settle above critical $3.80, however, the further upside movement is capped by psychological $4.00. Once it is out of the way, the bullish momentum may gain traction with the next focus on $4.57 (the highest level since the beginning of August) and $5.00 with a confluence of SMA100 (Simple Moving Average) and SMA200 daily located on approach. The next strong barrier awaits us on approach to psychological $6.00. On the downside, the initial support comes on approach to $3.75. It is created by SMA50 1-hour. This area may slow down the sell-off and trigger the recovery within the current range. However, if it is broken, the sell-off may be extended towards $3.50 strengthened by the middle line of 1-day Bollinger Band and SMA100 1-hour. Note, that the Relative Strength Index (RSI) on intraday timeframes points downwards, which makes the short-term bearish scenario more likely. EOS/USD, 1-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 UK: Unemployment rate likely to remain unchanged at 3.9% – TD Securities FX Street 4 years EOS/USD has recovered strongly on Monday. The coin stopped on approach to critical $4.0. EOS gained over 4% of its value in recent 24 hours. Despite a rather slow movement during early Asian hours, the coin remains one of the best-performing altcoins out of top-20. At the time of writing, EOS/USD is changing hands at $3.89, off the recent high reached at $3.96. EOS/USD, the technical picture EOS/USD managed to settle above critical $3.80, however, the further upside movement is capped by psychological $4.00. Once it is out of the way, the bullish momentum may gain traction… 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.
