- The Bulls fought back this Tuesday to bring EOS/USD’s value above $2.30.
- Technical indicators show that EOS/USD is going to go through a period of low volatility.
The bulls have fought back this Tuesday to bring EOS/USD’s value above $2.30 via market speculation. EOS/USD finally managed to get a bullish candlestick after getting beaten by the bears for the last two days. In the short term, it is critical for the buyers to make sure that the price doesn’t go below this support line.
The critical support line lies at $2.30. In the short term, the bulls need to defend this support line and, at the same time, try to break past the resistance provided by the downward trending line. The narrowing of the 20-day Bollinger band and the moving average convergence/divergence (MACD) indicates that a period of low volatility is imminent.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.