EOS price analyis: Star of the day has some more shine left
- Biggest gainer of the day.
- Intra-day chart suggest there's room for more upside.
EOS is biggest gainer of the day among all the major cryptocurrencies after losing some ground through this week as the crypto loses some ground after printing new all time highs, the only crypto to do so after the sell-off this year.
EOS/USD up more than 6 percent on day at $18.216, but has lost more than 20 percent from all time highs of $23.029 printed on last Sunday. A close look at the 15-minute intra day chart suggests the gains of the day could extend some more as the penant pattern is in the making and a breakout could lead to further gains for this crypto.
Immediate resistances in the way of this crypto's upmove now stand around $18.64 and $19.47 levels while supports are placed around $17.60 and $15.92 levels.
EOS/USD 15-minute chart:
Author
Manoj B Rawal
Independent Analyst
Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.
