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EOS Coin USD Provides Positive Breakout Above $3.00

Long
BITFINEX:EOSUSD   EOS / Dollar
The technical chart reflects on the magnitude of the bullish momentum by the price levels from the past couple of trading sessions. The bulls hinted at their arrival by having a positive breakout above the major resistance line placed at 0.382fib level. Thereafter, the price levels also had a positive crossover above the bullish line of 0.236fib level and currently sustaining above it. The crypto asset has formed a symmetrical triangle pattern in the bullish regime and will be looking for a positive breakout in the upcoming market sessions.

The relative strength index ( RSI ) has retraced back from the overbought region probably because of the current resistance level of $3.50 acting.

The moving average convergence & divergence ( MACD ) has also formed a bearish crossover and showcasing negative nature above the signal line.

The directional movement index (DMI) is resembling bullish nature as ADX moves well-above +DI and -DI respectively.

Resistance Level: $3.50
Support Level: $3.20 & $2.50

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