RATE Group | EOS Price Analysis: Primed For More Gains Above $3.00
53552
wp-singular,post-template-default,single,single-post,postid-53552,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

EOS Price Analysis: Primed For More Gains Above $3.00

20 Dec EOS Price Analysis: Primed For More Gains Above $3.00

Posted at 16:07h in Ethereum News by

[ad_1]

EOS price rallied recently after it broke the $2.00-2.20 resistance against the US Dollar. Buyers seem to be back and there could be more gains above $3.00 and $3.05.

Key Talking Points

  • EOS price surged higher and broke the $2.00, $2.50 and $2.55 resistances (Data feed of Kraken) against the US Dollar.
  • There was a break above a key bearish trend line with resistance at $2.00 on the 4-hours chart of the EOS/USD pair.
  • The pair is currently trading below the $2.75 resistance, but it could climb above $3.00.

EOS Price Analysis

After trading as low as $1.54, EOS price started a fresh upward move against the US Dollar. The EOS/USD pair surged higher and broke the $2.00 and $2.20 resistance levels.

EOS Price Analysis Chart

The chart above indicates that EOS price gained solid pace above the $2.20 resistance and the 100 simple moving average (4-hours). It climbed above the $2.50 and $2.55 resistance levels to move into a positive zone.

Besides, there was a break above the 23.6% Fib retracement level of the last…

[ad_2]

Source link