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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.


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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