EOS EOS/USD is trading at the level of 12.32. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in EOS. The test area of the Ichimoku Kinko Hyo signal lines near the level of 13.00 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the aim near the level of 8.00.
EOS forecast & analysis EOS/USD May 19, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. 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 quotes above the area of 16.50, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EOS/USD is with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 11.50.