EOS network has emerged top for the second time in the Chinese government blockchain rankings. There are several support areas; the 50 SMA, the 200 SMA, and at $8.0. EOS is trading a bullish flag pattern with a supported above $8.00 pending an upside breakout in the medium-term. The recent bullish movement lost its mojo marginally above $9.1, leading to lower corrections. The cryptocurrency is still reacting to the double-top pattern analyzed yesterday. The downside movements on the day have tested the 200 SMA support on the 3-hour timeframe chart. However, the buyers entered pushing the price upwards but intraday movements are capped below $8.5. EOS is heading into a breakout in the near-term. Besides, the stochastic and the moving averages on the same chart show the growing bullish pressure. There are several supply zones at $8.5, 8.68 and the 50% Fib retracement level between the highs of $11.62 and lows of $6.69 at $9.16. Trading above $8.5 will pave a path towards the other upper supply zones. There are several support areas; the 50 SMA, the 200 SMA, and at $8.0. Significantly, if the above supports give in to bear pressure, the 23.6% Fibo will hold above $7.5. In other news, EOS network has emerged top for the second time in the Chinese government blockchain rankings. These are the third rankings released by the state-backed China Electronic Information Industry Development (CCID). The ranking takes into account aspects such as technology, the application as well as innovation. Ethereum comes second while Bitcoin is ranked at the 15th position. EOS/USD 3-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 USD/CHF extends slide to 0.9930 on the back of a weak US dollar FX Street 5 years EOS network has emerged top for the second time in the Chinese government blockchain rankings. There are several support areas; the 50 SMA, the 200 SMA, and at $8.0. EOS is trading a bullish flag pattern with a supported above $8.00 pending an upside breakout in the medium-term. The recent bullish movement lost its mojo marginally above $9.1, leading to lower corrections. The cryptocurrency is still reacting to the double-top pattern analyzed yesterday. The downside movements on the day have tested the 200 SMA support on the 3-hour timeframe chart. However, the buyers entered pushing the price upwards but intraday… 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.
