Home EOS  Technical  Analysis: EOS/USD moves back above $9, however double top seen, bull momentum loses steam
Crypto News

EOS  Technical  Analysis: EOS/USD moves back above $9, however double top seen, bull momentum loses steam

  • EOS price was seen up around 3% on Wednesday, managing to push back above $9.
  • A double-top formation was produced for EOS/USD at the highs of the session.

 

EOS/USD 60-minute chart

 

Spot rate:                                    9.0650

Relative change:               +2.90%

High:                                                   9.4323

Low:                                                      8.5189

 

Trend:                                                 Bullish

 

Resistance  1:                          9.4456, double top, 3rd and 4th July high.

Resistance 2:                          9.7300, 61.8% Fibonacci.

Resistance 3:                          10.5000, (resistance on 60-minute chart).

 

Support 1:                                  8.9699, 50MA.

Support 2:                                    8.5632, 100MA & demand zone.

Support 3:                                    8.1750, on top of previous broken wedge.

 

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.