EOS price surged 20+% and broke significant resistance area against the US Dollar. It seems that buyers/bulls are in control, suggesting more upsides potential.
Bullish Case:
EOS price gained significant buying interest, resulting in upsides of more than 50% from $2.2 price level.It will now act as potental support price level in the coming days/weeks.
After moving upward significantly, a healthy pull back is likely to $3.1-$3.0 price level for the potential resistance turned support flip(S/R).If it holds this level then next level to test will be around $4.1+ level.It would be super bullish if it breaks that level as well.
Also, the pair has surpassed 200H-SMA(Simple Moving Average) and penetrated through ichimoku cloud which might act as preliminary support if any pullbacks occur.
Bearish Case:
Early signs of the bear will be confirmed if the pair doesn't hold the $3.0 price level and breaking the last line of the defence around $2.1-$2.3 price level would be strongly bearish for the pair.
Bullish Case:
EOS price gained significant buying interest, resulting in upsides of more than 50% from $2.2 price level.It will now act as potental support price level in the coming days/weeks.
After moving upward significantly, a healthy pull back is likely to $3.1-$3.0 price level for the potential resistance turned support flip(S/R).If it holds this level then next level to test will be around $4.1+ level.It would be super bullish if it breaks that level as well.
Also, the pair has surpassed 200H-SMA(Simple Moving Average) and penetrated through ichimoku cloud which might act as preliminary support if any pullbacks occur.
Bearish Case:
Early signs of the bear will be confirmed if the pair doesn't hold the $3.0 price level and breaking the last line of the defence around $2.1-$2.3 price level would be strongly bearish for the pair.
Need to test the potential-S/R , if it doesn't hold then it would be bearish for the asset.