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EOS Technical Analysis: EOS/USD rockets up 12%, with bulls really returning to the market

  • EOS rallied as much as 12% in the session on Tuesday, inline with the mass buying seen across the board.
  • EOS/USD was cut short by a supply zone seen within the $8.60 area.

EOS/USD 60-minute chart

 

Spot rate:                  8.4800

Relative change:        +7.00%

High:                          8.6879

Low:                           7.7107

 

Trend:                        Bullish.

 

Resistance 1:            8.6000, entrance to supply zone.  

Resistance 2:            8.6879, today’s (Tuesday) high.

Resistance 3:            8.7419, 19th July high.

Support 1:                 8.4250, (support on 60-minute chart).

Support 2:                 8.2770, consolidation area.

Support 3:                 8.1181, 50MA.

 

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