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EOS Technical Analysis | 7 August 2019

2019-08-07 10:31 am | Resource: Technical Analysis Section | No Views : 40

EOS Technical Analysis | 7 August 2019 EOS against USD since last week's trading failed to break through the $ 4.63 resistance areas and continued to bleed to $ 3.87.
The cryptocurrency rebounded from $ 3.87 levels and has continued to rise towards $ 4.57 areas since last week's trading last month.
 EOS Technical Analysis | 7 August 2019
EOS We have a neutral outlook for the time being as a result of not confirming the breach of the rising trend line as a result of trading above $ 4.04 zones.
Also, the crypto currency has not taken a specific direction since last Saturday's trading last month and technical indicators support our view in general.

Analysis of technical indicators for the digital currency EOS:

The index (ADX) is neutral as a result of trading below 20 points since the beginning of this month.
The simple fast moving average and the slow moving average are currently neutral as a result of overlapping price action.
Momentum indicator with its default settings is currently bearish without confirming the negative crossover that took place.

Outlook:

It is expected that, in case of the digital currency breakout of zones of $ 4.77, EOS may target levels of $ 5.80.
On the other hand, we believe that if the cryptocurrency breaks the $ 4.04 levels, the EOS may target the $ 3.51 level.
Support: 4.19 - 3.87 - 3.12
Resistance: 4.63 - 5.01 - 5.46
Trend: Neutral

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