EOS: Price Analysis, July 23


EOS has been consolidating between $6.8926 and $9.4456 for the past month. Currently, the price is close to the 20-day EMA, which has flattened out.


The EOS/USD pair will begin moving upwards after it breaks out of the overhead resistance at $9.4456. The pattern target of such a breakout is $12.

If the bears force a breakdown below $6.8926, the coin can sink to $4.3396. There are no trades on it as long as it oscillates inside the range.

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