EOS Price Analysis: Bulls Could Face Hurdles Near $1.15 | My NFT Visor

• EOS worth began a recent improve from the $1.00 help towards the US Dollar.
• The worth is now buying and selling above $1.05 and the 55 easy shifting common (4-hours).
• There is a significant connecting pattern line forming with resistance close to $1.15 on the 4-hours chart of the EOS/USD pair (information feed from Coinbase).
• The pair might proceed to maneuver up if it clears the $1.135 and $1.150 resistance ranges.

EOS worth is rising above $1.05 towards the US Dollar, just like bitcoin. The worth might resume its improve if it clears the $1.135 and $1.150 resistance ranges.

EOS Price Analysis

This previous week, EOS worth discovered help close to the $1.0 help towards the US Dollar. The worth traded as little as $0.9994 and the value began a recent improve.

The worth gained tempo and climbed above the $1.02 and $1.05 resistance ranges. The worth traded above the 50% Fib retracement stage of the final important decline from the $1.156 swing excessive to $0.9994 low. It is now exhibiting just a few optimistic indicators above $1.05 and the 55 easy shifting common (4-hours).

On the upside, an instantaneous resistance is close to the $1.12 stage. It is near the 76.4% Fib retracement stage of the final important decline from the $1.156 swing excessive to $0.9994 low.

The first main resistance is close to the $1.135 stage. There can also be a significant connecting pattern line forming with resistance close to $1.15 on the 4-hours chart of the EOS/USD pair, above which the value might rise steadily. In the said case, it might rise in the direction of the $1.165 stage.

Any extra good points may ship the value in the direction of the $1.20 stage. On the draw back, an instantaneous help is close to the $1.075. The subsequent key help is close to the $1.06. If there’s a draw back break under the $1.06 help, the value might revisit the $1.035 help.

If there’s a draw back break, the value might decline in the direction of the $1.00. Any extra losses might ship the value in the direction of the $0.975 stage.

Looking on the chart, EOS worth is now buying and selling above the $1.05 stage and the 55 easy shifting common (4-hours). Overall, the value might proceed to maneuver up if it clears the $1.135 and $1.150 resistance ranges.

Technical indicators

4-hours MACD – The MACD for EOS/USD is gaining tempo within the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI is now above the 60 stage.

Major Support Levels – $1.06 and $1.020.

Major Resistance Levels – $1.135 and $1.150.

Tags: EOS