Technical analysis EOS. EOS-USD on June 02, 2018

June 3, 2018


Is shows the impulsive and important bullish breakout as this event can show the continuation of the positive scenario for this market. EOS-BTC pair is breaking through the uptrend channel and possibly will consolidate in 0.0018800-0.0020000 zone. The first support is forming at 0.0018000 level and the stronger one at 0.0017000. EOS-USD pair looks similar, also we can see that we have bounced from the long-term uptrend line, which we mentioned earlier in our recommendations regarding this market. On one day timeframe, MACD starts to cross and shows the possibility of further growth; ADX shows the strong amplitude of this market; Stoch RSI is very bullish, RSI has enough impulse for going up. On 3 days timeframe, it also looks like it is ready to move up, taking into consideration the regular corrective pullbacks; in a long-term perspective, we can take 30$ zone as a possible target.


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