Will EOS Successfully Break Out Above Its Six-Month Resistance?

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In Brief
  • -EOS is facing considerable resistance at $3.1. The next resistance area is found at $3.9 while the closest support at $2.7

  • -Technical indicators are bullish on the daily time-frame.

  • -The EOS price is likely in the third out of a five wave Elliott formation.

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The EOS (EOS) price has once again reached the $3.1 resistance area, above which it has not traded since March. An eventual breakout should take the price towards $3.9. Will EOS Break Out? The EOS price has been increasing since March 13. The price reached the $3.10 resistance area on April 29 and began a downward move that lasted until July. Afterward, the price initiated an upward

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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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