EOS EOS/USD is trading at level 5.55. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates an uptrend. As part of the EOS forecast & analysis EOS/USD October 19, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 5.50, from which one can expect a rebound and an attempt to continue the growth of the digital currency with a potential target near the level of 6.20.
EOS forecast & analysis EOS/USD October 19, 2018
An additional signal in favor of the growth of EOS cryptocurrency will be a rebound from the support area, as well as a test of the lower boundary of the bullish channel. Earlier, a weak signal was received for buy of the EOS cryptocurrency, due to the crossing of signal lines at the level of 5.60.
Cancellation of the EOS cryptocurrency growth option will be a breakdown of the lower Ichimoku Kinko Hyo Cloud with quotes closing below the 5.20 area, indicating a change in the upward trend in favor of the downward trend and continued decline in the digital currency. Expect confirmation of growth of quotes EOS/USD stands with the breakdown of the upper boundary of the downward channel and closing above the level of 5.70.
EOS forecast & analysis EOS/USD October 19, 2018 suggests an attempt to develop a correction of the cryptocurrency and the test level of 5.50, from which we can expect the EOS rate to continue to grow with a potential target near the level of 6.20, the 5.20 breakdown of the growth option will be expected; the fall.