In the last 12 hours, EOS (EOS) has been trading in a very interesting territory,
along the 200-day moving average at $10.90 – $10.50.
This is a strong resistance level, and a break above
it could see EOS (EOS) rise to around $12.45, which
is the next resistance level on the 55-day moving average.
However, in the case that it fails to break above this price level,
EOS (EOS) could drop to $9.65, which is the first support level
to the downside. However, a look at the day charts, this is highly unlikely.
That’s because EOS (EOS) is trading strongly above the 200-day moving average.
The fact that it has sustained above this price level for the 3
last days is an indicator that EOS (EOS) has the potential to rise towards the $12 resistance level.
CHEERS
