EOS EOS/USD is trading at the level of 15.01. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish EOS trend. The test area of the Ichimoku Kinko Hyo signal lines is expected near the level of 16.00, from which we should expect a rebound and an attempt to continue the fall of the crypto currency with the target near the level of 11.00.
EOS forecast & analysis EOS/USD May 12, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was obtained to sell the EOS cryptocurrency, by crossing the signal lines at the level of 17.70.
The cancellation of the drop in the quotations of EOS will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 18.50, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EOS/USD is worth a breakdown of the support area and closing below the level of 13.00.
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