EOS EOS/USD is trading at 5.26. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend. As part of the EOS forecast & analysis EOS/USD October 15, 2018, Ichimoku Kinko Hyo signal line signal area is expected to test near the level of 5.45 Ichimoku Kinko Hyo and try to continue the decline of the digital currency with a potential target near the level of 4.70.
EOS forecast & analysis EOS/USD October 15, 2018
An additional signal in favor of reducing the cryptocurrency of the EOS will be a rebound from the resistance area, as well as a test of the upper limit of the downward channel. Earlier, a weak signal was received for sell of EOS cryptocurrency, due to the crossing of signal lines at the level of 5.70.
Canceling the option of a fall in EOS cryptocurrency will break the upper boundary of the Ichimoku Kinko Hyo Cloud with quotations closing above 5.70, indicating a change in the downward trend in favor of the upward trend and continued growth of the digital currency. Expect to accelerate the fall in quotations EOS/USD stands with the breakdown of the support area and closure below 5.00.
EOS forecast & analysis EOS/USD October 15, 2018 suggests an attempt to develop cryptocurrency correction and a test level of 5.45, from which we can expect the EOS rate to continue falling with a potential target near the level of 4.70, the cancellation of the reduction option will result in a breakdown of 5.70 growth.