EOS/USD market goes up by 4.2% – Technical Analysis
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EOS/USD market goes up by 4.2% – Technical Analysis

EOS/USD daily chart

  • EOS/USD went up from $3.57 to $3.72, gaining 4.2% in the process.
  • The 200-day simple moving average (SMA 200) curve acts as a resistance to the market.
  • The SMA 20 has crossed over the SMA 50 curve which indicates a buy signal.

EOS/USD 4-hour chart

  • The 4-hour EOS/USD chart shows that the price has been contained for an elongated period and is prime for a breakout.
  • The moving average convergence/divergence (MACD) shows increasing bullish momentum.

EOS/USD hourly chart

  • The hourly EOS/USD chart shows a couple of bullish flags and is ready for a breakout from the latest formation.
  • The relative strength index (RSI) has crept into overbought territory.

Key Levels

  • Resistance 3: $48.3572
  • Resistance 2: $47.5512
  • Resistance 1: $46.7187
  • Pivot Point: $45.9127
  • Support 1: $45.0802
  • Support 2: $44.2742
  • Support 3: $43.4417


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