Let’s have a closer look at what is going on the Hourly chart. The price has reached resistance area at $15.19 and tested it twice during the weekend, but failed to break through. EOS/USD started a bearish correction later and the price returned to support area at $13.45. What are the possible ways for EOS/USD?
1. Red scenario (bearish). The currency pair will develop its downside progress towards the next support area at $12.80 and the green ascending trend line. Once successful, sellers will have an opportunity to push EOS/USD even lower towards $11.92.
2. Orange scenario (neutral). EOS/USD will move upwards targeting the closest resistance area at $14.11. There the price will reverse towards the support area at $13.45. However, this neutral range may be even larger if the price reaches $14.69 resistance area.
3. Green scenario (bullish). The currency pair will cross several resistance areas targeting weekend’s highs at $15.19.
Check the full crypto analysis HERE>>>.
All trading ideas every day on CryptoComes: u.today/pricewise
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!