EOS/USD Technical Analysis: Bulls to test resistance at $2.42
|- 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
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