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.
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.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.