EOS Technical Analysis: EOS/USD take a chunky bounce off support in an attempt to firmly reclaim $6, expert anticipates $6.50 by November
|- EOS price was nursing minor losses of just some 0.25% during trading on Wednesday.
- EOS/USD receives strong support from near-term ascending trend line, after early selling pressure.
- Bulls will be eyeing for a firm return of the $6 territory, however much supply heading into that region is seen.
- Expert from finder cryptocurrency panel Joseph Raczynsk, antiicpates EOS to hit $6.50 by November 1st before slowly moving to $7.80 by 31 December 2018. He then projects EOS to reach as high as $19 by the end of 2019.
EOS/USD 60-minute chart
Spot rate: 5.9056
Relative change: -0.25%
High: 5.9355
Low: 5.8037
Trend: Neutral
Support 1: 5.8336, ascending trend line support.
Support 2: 5.8250, 100MA (60-minute),
Support 3: 5.7000, support on 60-minute chart.
Resistance 1: 5.9150, 50MA (60-minute).
Resistance 2: 5.9500, supply zone.
Resistance 3: 6.0440, 8 October high.
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