EOS EOS/USD is trading at the level of 18.42. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in EOS. The test area of the Ichimoku Kinko Hyo signal lines near the level of 17.50 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near the level of 25.00.
EOS forecast & analysis EOS/USD May 1, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a strong signal was received for buy of the EOS, by crossing the signal lines at 8.50.
The cancellation of the growth of EOS quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 13.50, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations EOS/USD stands with the breakdown of the resistance area and the closing above the level of 22.00.
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