EOS Fails to Sustain Prices Above $3

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In Brief
  • EOS was rejected by the $3.45 long-term resistance area.

  • There are supports at $2.68 and $2.46.

  • The price is possibly in the C wave of an A-B-C correction.

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The EOS price has been decreasing since Aug 2, after failing to break out from a long-term resistance level and was rejected instead. It is likely that the price is still correcting and has yet to reach a bottom. EOS Hits Long-Term Resistance Wall The EOS price has been moving upwards since it reached a bottom on March 13. On Apr 29, it reached the $3.10 resistance area, was rejected,
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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