EOSUSD Commences A Bullish Trend Towards $3.8 Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.

Price Analysis – February 04

A further increase in the bulls’ momentum may break up the resistance level of $3.3, then, the price may test the $3.8 and $4.5 levels. In case the bulls are unable to break up the resistance level of $3.3, the price may face the support levels of $2.9, $2.7, and $2.4 as the target.

Key Levels:

Resistance levels: $3.3, $3.8, $4.5
Support levels: $2.9, $2.7, $2.4

EOS/USD Long-term Trend: Bullish

EOSUSD is bullish in the long-term outlook. The crypto played out the way it was predicted last week. The bulls maintain their momentum to break up the resistance level of $2.7. The bullish momentum equally extends to $2.9 and broke up the level; the coin is increasing towards the resistance level of $4.5 at the moment.

EOSUSD Daily chart, February 04

The 9 periods EMA has crossed the 21 periods EMA upside and the price has penetrated the two EMAs upside trading above the two. A further increase in the bulls’ momentum may break up the resistance level of $3.3, then, the price may test the $3.8 and $4.5 levels. In case the bulls are unable to break up the resistance level of $3.3, the price may face the support levels of $2.9, $2.7, and $2.4 as the target. The bullish trend may continue as the relative strength index period 14 is bending up at 60 levels which indicates a buy signal.

EOS/USD Price Medium-term Trend: Bullish

EOSUSD is bullish on the 4 – hour chart. The coin obeyed the command of the double bottom chart pattern formed on the 4-hour chart last week. The chart pattern is a bullish sign; the price increases and breaks up the resistance level of $2.9 and moved up towards the $3.3 price level.

EOSUSD 4-hour chart, February 04

The price is trading above the 9 periods EMA and the 21 periods EMA. The relative strength index is bending up at 60 levels to indicate a buy signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *