Home EOS Technical Analysis: EOS/USD touches new 3-month low below $7, sellers eye static $6 support
Crypto News

EOS Technical Analysis: EOS/USD touches new 3-month low below $7, sellers eye static $6 support

  • Despite a broad-based recovery in crypto markets, EOS extends losses on secret key vulnerability, touches the lowest level since April 11 at $6.75.
  • A daily close below $7, where the static support that held the sharp June fall aligns, could open the door for further losses toward the next target at $6.
  • The RSI indicator on the daily chart is within a touching distance of 30, suggesting that there could be a pause before the next selling wave.

EOS/USD daily chart

Spot rate:                    6.95

Relative change:         1.3%

High:                            7.13

Low:                             6.75

 

Trend:                        Bearish

 

Support 1:                  6.7500 (daily low).

Support 2:                  6.4500 (Dec. 12 & 19 low).    

Support 3:                  6.0000 (psychological level/static support).    

Resistance  1:             7.7300  (Fib. 78.6% retracement of March – May uptrend).

Resistance 2:             8.1500 (50-DMA).

Resistance 3:             9.0000  (psychological level/static support).  

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.