Search ForexCrunch
  • 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).