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:
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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.
