Home EOS price analysis: On the verge of breakout, needs momentum
Crypto News

EOS price analysis: On the verge of breakout, needs momentum

  • EOS almost broken out on the long term chart.
  • Confirmations are still pending.

EOS, the surprise crypto which knows how to surprise bulls and bears alike, is again ready to surprise them all, this time by giving a breakout on the upside that can take prices flying, of course after crossing certain levels which would confirm the breakout.

EOS/USD is down more than 2 percent on day at $5.267, around the lows of the day. On the daily chart, EOS has crossed a long term descending trendline drawn from its April high of $23.02, although confirmation of this breakout would be when it crosses earlier high of $6.6.

As long as EOS manages to stay above this trendline, there’s always a possibility of this breakout confirmation occuring.

EOS/USD daily 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.