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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.

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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