EOS Price Analysis
• EOS price is rising above $1.15 against the US Dollar, similar to bitcoin.
• The price could resume its increase if it clears the $1.220 and $1.232 resistance levels.
• If there is a downside break below the $1.145 support, the price could revisit the $1.10 support.
EOS price started a fresh increase from the $1.08 support against the US Dollar, currently trading above $1.15 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1.18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). To continue its uptrend, EOS needs to clear two major resistances at $1,22 and 1,232 levels in order to target next level at around 1,30 or even higher at 1,32 USD level. Any downside break below 1,145 USD will result in revisiting 1,10 support area again and any further losses may lead to testing cruicial 1,00 USD mark in future times ahead..
Key Resistance Levels
The first major resistance for EOS is near the $1.22 level which is close to 61.8% Fib retracement level of last key drop from high of 1,3136 swing high to low of 1,0731 USD level .Other important resistance lies at 1,232 USD mark which needs to be breached for further gains towards higher levels in future days ahead..
Key Support Levels
An immediate support for EOS lies at around 1,160 USD along with 55 simple moving average (4-hours) .If this fails then another important support lies at around 1145 USD mark which if broken could send prices towards crucial 10$ support area again .Any further losses may lead up toward testing crucial 100$ mark once again..
Overall ,Eos prices are currently trading above 115$ level and 55 simple moving avergae(4 hours )mark ,which suggests uptrend continuation if it can break through 2 major resistances near 122$ & 1232$ respectively .Downside any breaking below 1145$ could send back prices towards 110$,100 or even lower levels in future days ahead .