EOS: Rising in a channel, long way to go
|- EOS rising in a slow and steady manner.
- Long way to go in this bull run for the coin.
EOS the sixth largest coin by market capitalisation, is rallying slowly and gradually in this bull run that started in February this year, however has a long way to go and the end of this bull market can't yet be called.
EOS/USD is down more than 2 percent on day at $5.171, near low point of the day and trading in about 5 percent range so far. On the daily chart, the coin has been steadily going up ever since its bottom in the month of February this year.
EOS has more than doubled already and still have more room left in this run that is yet to end. Next strong resistance in this upmove is around $6.5.
EOS/USD daily chart:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.