EOS EOS/USD is trading at 5.56. 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 cryptocurrency exchange rate forecast for October 4, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 5.60, from which we can expect a rebound and an attempt to continue the decline of the digital currency with a potential target near the level of 4.80.
EOS forecast & analysis EOS/USD October 4, 2018
An additional signal in favor of the growth of EOS cryptocurrency will be a rebound from the resistance area, as well as a test of the upper limit of the «Triangle» model. Earlier, a weak signal was received for EOS cryptocurrency sell, due to the crossing of signal lines at the level of 5.75.
Canceling the option of a fall in EOS cryptocurrency will break the upper boundary of the Ichimoku Kinko Hyo Cloud with the close of quotes above 5.80, indicating a change in the downward trend in favor of the upward trend and continued growth of the digital currency. Expect confirmation of a fall in quotes EOS/USD stands with the breakdown of the lower boundary of the model «Triangle» and closing below 5.45.
EOS forecast & analysis EOS/USD October 4, 2018 suggests an attempt to develop a cryptocurrency correction and a test level of 5.60, from which we can expect the EOS rate to continue falling with a potential target near the level of 4.80.
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