EOS EOS/USD is trading at the level of 17.53. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in EOS. The test of the lower boundary of Ichimoku Kinko Hyo Cloud is expected near the level of 18.00, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with the target near the level of 14.00.
EOS forecast & analysis EOS/USD May 8, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper limit of the «Triangle» model. Earlier, we received a weak signal for sell of EOS cryptocurrency, due to the crossing of signal lines at the level of 19.50.
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 19.50, 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 with the breakdown of the lower limit of the model «Triangle» and closing below the level of 15.50.
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