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  • EOS/USD shows several bullish signals which indicate that the market is on the up
  • Having breached resistance at $2.38, the buyers have the $2.42 resistance next in their sights.

EOS/USD daily chart

  • The last nine sessions in the daily chart are comfortably above the lower curve of the 20-day Bollinger band.
  • The Friday, February 8th  session is bullish and is looking to break above the 20-day simple moving average (SMA 20) curve.

EOS/USD 4-hour chart

  • The EOS/USD 4-hour chart forms a triangle which is prepping for a bullish breakthrough.
  • The bulls have broken past the $2.38 resistance and have the $2.42 resistance next in sight.

EOS/USD hourly chart

  • The EOS/USD hourly chart forms a bullish flag and the latest session also shows that another bullish flag formation is on the way.

Key Levels

  • Resistance 3:  $2.45068
  • Resistance 2:  $2.42769
  • Resistance 1:  $2.39815
  • Pivot Point:  $2.37515
  • Support 1:  $2.34561
  • Support 2:  $2.32262
  • Support 3:  $2.29307