EOS - Technical review and analysis

Dec 14, 2022

EOS reacted negatively during the last week, right after hitting the resistance of the $1.03-$1.04 range. Also, the support in the range of $0.950 to $0.96 was again a good demand area that triggered the activation of buyers' orders. EOS currency can still have a range trend in 4 hours. But this area has increased one step upwards. Therefore, we can continue the range trend in the current week's ranges indicated on the chart. Also, until this support is broken, the EOS trend will not go down in the 4-hour timeframe. We can monitor price fluctuations more closely by drawing an upward trend line or an upward channel. As long as this trend line or the bottom of the channel is maintained, we can expect price growth.