EOS price analysis: EOS/USD breaks higher out from another bullish pennant formation, eyes on record highs above $18
|- EOS bulls make a break out of pennant pattern formation, eyes locked on $18.61.
- The price has rallied firmly for the past four consecutive weeks, gaining 325%.
The EOS price is seen up over 6% during trading on Friday, looking to end the week with another solid performance, particularly in comparison to some of the other major altcoins. EOS is one that has been very much consistent over the last month and half.
EOS has been on a decent path north since the 18th March, with no real signs of a slow down to this bull run. This will be the fourth consecutive week of solid gains within positive territory for the crypto, as the price guns towards its current record high at $18.61.
Technically, the price has recently observed a breakout to the upside from another bullish pennant pattern, which seems a regular of late with the recent price action behavior. Given the recent breakout, there doesn’t appear to be much in the way of achieving $18.61, the current high, printed on 13th January 2018.
EOS/USD daily chart
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