EOS Raging Level EOS fell by 0.28% on Monday. Following a 3.64% gain on Sunday, EOS ended the day at $4.6320.
A bullish start to the day saw EOS rise to an early morning intraday high $4.7226 before hitting reverse.
Falling short of the first major resistance level at $4.7946, EOS slid to an early morning intraday low $4.4642.
EOS fell through the first major support level at $4.4710 before briefly revisiting $4.70 levels.
A late pullback, however, saw EOS fall back to sub-$4.65 levels and into the red.
At the time of writing, EOS was down by -0.40% to $4.675. A mixed start to the day saw EOS fall to an early morning low $4.5623 before rising to a high $4.6965.
EOS left the major support and resistance levels untested early on, it would need to avoid a fall back through the $4.6063 pivot to bring the first major resistance level at $4.7483 into play.
Support from the broader market would be needed to break out from Monday’s high $4.7226.
Barring a broad-based crypto rally, the first major resistance would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.00 levels before any pullback. The second major resistance level sits at $4.8647.
A fall back through the $4.6063 pivot would bring the first major support level at $4.4899 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.40 levels. The second major support level sits at $4.3479.
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
- Our option for #EOS is WAITING FOR A BREAKOUT.
Do your research before any trade or any investment, make your own decision, be patient and look long term wisely.
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| Review and analysis by Samadi.Finance |
