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EOS Technical Analysis | 17 June 2019

2019-06-17 10:15 am | Resource: Technical Analysis Section | No Views : 84

EOS Technical Analysis | 17 June 2019 The digital currency EOS was last week failed to break areas support $ 5.99 as a result of increasing demand and continued to rise to penetrate areas of $ 6.29.
The digital currency continued to rise during the last trading session to penetrate areas of $ 6.57 and then crossed the areas of $ 6.88 during the trading yesterday.
EOS Technical Analysis | 17 June 2019 
The digital currency EOS is trading in a bullish direction under formation on the time frame. 240 minutes This trend supports the breach of the bearish trend line during Friday trading.
Technical indicators in the position supports the current bullish trend.

Analysis of technical indicators for the digital currency EOS:

The ADX indicator indicates a rising trend strength over time.
The SMA and the slow moving average are currently bullish, supported by stability above $ 6.88.
The momentum indicator of MACD with the default settings is neutral at the moment.

Outlook:

It is expected that, in the case of a cryptocurrency breach of the levels of $ 7.22, EOS may target levels of $ 7.84.
However, if the encrypted currency break $ 6.88 area, the EOS may target $ 6.29.
Support: 6.88 - 6.57 6.29
Resistance: 7.84 - 8.48 - 9.70
Trend: Up

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