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EOS Technical Analysis | 29 July 2019

2019-07-29 08:43 am | Resource: Technical Analysis Section | No Views : 52

EOS Technical Analysis | 29 July 2019 The digital currency EOS against USD during last week's trading until last Saturday failed to break through resistance areas of $ 4.63 due to weak demand.
Thus, the digital currency fell to break the rising trend line and continued to bleed until areas of $ 4.19.
EOS Technical Analysis | 29 July 2019
The EOS is trading in a bearish direction on the 4 hour interval. This trend supports the break of the bullish trend line and we do not recommend selling before breaking the $ 3.95 zones.

Analysis of technical indicators for the digital currency EOS:

The ADX indicator indicates the strength of the bearish trend over time.
The simple moving average and the slow moving average are currently bearish.
The index of the moment of the MACD by the default settings is pointing down at the moment.

Outlook:

It is expected that, in the event of the digital currency breach of areas of $ 4.77, EOS may target levels of $ 5.80.
On the other hand, if the encrypted currency break of $ 3.95 area, the encrypted currency may target $ 3.51.
Support: 4.19- 3.87- 3.12
Resistance: 4.63- 5.01 - 5.46
Trend: Down

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