THELOGICALINDIAN - Over the accomplished few canicule EOS has apparent almost able advance of about 23 afterwards establishing a midyear low at about 24 on September 25
Recently, the amount of EOS adjourned about $3.5, currently the account high. The cryptocurrency has added by 2.37%, now trading at the $3.47 amount level. The 7th better cryptocurrency in the all-around bazaar is acceptable to balance aloft key attrition levels if the bazaar corrects gains.
EOS Price Prediction
Looking into the circadian chart, EOS has been abstraction central a bottomward approach back July but the amount has afresh been up for a while now. Meanwhile, the aftermost six weeks of trading accept positioned the asset on an uptrend, which makes the amount to analysis the channel’s attrition at $3.5 beforehand this month.
At the time of writing, the EOS/USD brace has acquired abutment at $3.4, followed by $3.2. If the badge corrects beneath this mentioned support, the abutting low may be amid at $2.5. A added drive may account the bazaar to attempt at the channel’s lower boundary.
However, the cryptocurrency is currently demonstrating bearish movement on the alternate chart. If the amount can break able-bodied aloft $3, the EOS bazaar is accepted to animation aback to $3.65. A amount billow could move the badge out of the approach abuttals to $4 and $4.6 attrition levels. All in all, the beasts assume to be dispatch aback into the market.
EOS is accessible for a absolute blemish on the circadian blueprint but it appears that the contempo amount bead is befitting the beasts waiting. If the asset can beat the $0.365 amount levels, the amount could authenticate an continued assemblage afore the end of the year. Inversely, a bounce may advance the bazaar to austere amount reductions.
Technical Indicator Reading
Hourly MACD – The alternate MACD for EOS is currently absolute but may still about-face bottomward at the aught levels afore accepted higher.
Hourly RSI – The RSI for EOS is a bit anemic to the 50 levels, although backlash is acceptable on the chicken askew support.
Key attrition levels: $3.65, $4, $4.6
Key abutment levels: $3.2, $2.9, $2.5
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