EOS EOS/USD is trading at 5.97. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in EOS. The test area of the Ichimoku Kinko Hyo signal lines near the level of 6.50 is expected, from which we should expect a rebound and an attempt to continue the fall with a target close to 4.5.
EOS forecast & analysis EOS/USD on March 12, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, the average strength was obtained for sell of EOS cryptocurrency, due to the crossing of signal lines at the level of 8.35.
The cancellation of the variant of falling quotations of EOS will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 7.50, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes EOS/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 5.00.
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