Eos/USD Price Analysis Sept. 24, 2018

[Nikko]

Bulls could not build on the breakout of the overhead resistance of $5.65. EOS did not rally as we had anticipated, and turned down from $6.3117 on September 22.

EOS is currently retesting the breakout level of $5.65. Support from the moving averages is just below the current level. If support holds, the EOS/USD pair will again try to rally to $6.8299.

If the current support breaks, a decline to the next support at $4.50 is probable. The digital currency has formed a continuation head and shoulders pattern, which will complete on a break below $4.4930. Therefore, we suggest traders keep their stops on the long position at $4.40.

Source

[sirty143]

At the time of writing, the price of EOS (EOS) is at $5.63 as it is up by 8.97%. Currently, the market capitalization of EOS is $5,104,451,232 billion with 906,245,118 EOS circulating at the moment. The 24-hour price movement chart indicates that $753,027,352 worth of EOS coins was trading. The price peaked at $5.6632 in the last 24 hours, while the lowest price was at $5.0691. Source: https://coinmarketcap.com/currencies/eos/