EOS Jumps to Over $6 During April Bulls

[AMANPURI OFFICIAL INDONESIA]

On Apr 2, the price of EOS initiated a rapid upward movement. A high of $6 was reached on Apr 3.

After the high, prices began to gradually decrease. that brought prices below $5.

Prices subsequently rose to nearly $5.50 the following day when a reversal ensued. They have since stabalized between $5.30 and $5.40 at the time of writing


Will the current reversal lead to a new uptrend? Will EOS reach $6 again?

Let’s find out.

EOS (EOS): Trends And Highlights For April 5, 2019
- The price of EOS reached a high of $6.09 on Apr 3.
- EOS is trading inside an ascending triangle.
- The SMAs have made a bullish cross.
- There is resistance near $6 and support near $4.7.

Tracing the Current Trading Pattern

The price of EOS on Binance was analyzed at one-hour intervals from Apr 1 to Apr 5 to trace the current trading pattern.
On Apr 2, the price made an hourly low of $4.14. A sharp upward move was followed by a gradual decrease. The price has made several higher lows.

Tracing these lows gives us an ascending support line:


On Apr 4, the price reached an hourly high of $5.35. A gradual drop ensued followed by an increase. The price reached the same level three times.

Tracing these highs gives us a horizontal resistance line.

The resistance and support lines combine to create an ascending triangle:


This is a bullish pattern. It suggests forthcoming price increases.

To determine whether price increases are likely, however, requires us to incorporate technical indicators into the analysis.

source: https://beincrypto.com/iota-price-analysis-04-05-2019/

[TanPhan]

Nearly at $6, at $5.91 there was a strong resistance and sell order that push the price back, I think that EOS can has another chance to break through this

[trauchot]

EOS has always interested investors and big companies because of the excellent technologies that are constantly growing and because of price that always please when the market begins to grow, so this year even 10$ can be seen if manipulators will allow.

[jonathancool220]

I was surprised when I saw the main image of this thread, there were CCTV, EOS Coin and Scurity.
Either this has a connection with the security of EOS attau not the one that has an effect on the price increase to 6 USD . hmmmp