EOS EOS/USD is trading at 5.57. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in EOS. Ichimoku Kinko Hyo Cloud is expected to test near the 5.70 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 4.50.
EOS forecast & analysis EOS/USD April 6, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of EOS cryptocurrency, due to the crossing of signal lines at 5.75 level.
The cancellation of the fall of the quotations of EOS will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 6.50, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations EOS/USD is worth a breakdown of the delicate boundary of the model «Triangle» and closing below the level of 5.10.