EOSUSD Price Is Targeting Resistance Level of $3.0 – Cryptovibes.com – Daily Cryptocurrency and FX News
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EOSUSD Price Analysis – April 20
The Crossing of the price above the resistance level of $3.0 may lead the price to $3.5 and $3.8 price level. Failure to cross above the $3.0 level may decrease the price towards $2.7, $1.9, and $1.4 support level.
EOS/USD Market
Key Levels:
Resistance levels: $3.0, $3.5, $3.8
Support levels: $2.7, $1.9, $1.4
EOS/USD Long-term Trend: Bullish
EOS/USD is bullish in the daily chart. The price action on the daily chart has formed a bullish chart pattern called “bullish cross” and this has made the price to incline towards the resistance level of $3.0. It is pushing higher today and moving above the support level of $2.7 but the Bears opposed the bullish movement and the price is pulling back to $2.7.
The price is trading above the two EMAs where the 9 periods EMA is above 21 periods EMA which indicates that the bulls are holding to the EOS market. The Relative strength Index period 14 is pointing up at 60 level displaying a bullish direction indicate that price may increase. The Crossing of the price above the resistance level of $3.0 may lead the price to $3.5 and $3.8 price level. Failure to cross above the $3.0 level may decrease the price towards $2.7, $1.9, and $1.4 support level.
EOS/USD Price Medium-term Trend: Bullish
The coin is bullish on the medium-term outlook. The price has been moving downward with the formation of more bearish candles after the formation of the inverted pin bar candle pattern, which indicates that bears were in control of the price last week. Looking at the support levels of $2.7, the price has broken up the mentioned support level and targeting $3.0 resistance level.
The 9-day EMA and the 21-day EMA are seperately from each other and the price is trading over the two EMAs which connote bullish movement in the EOS market.
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