EOS: Price Analysis, July 13

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EOS/USD

The bulls have defended the $6.8926 mark for the past two days and are attempting to bounce from it. On the upside, EOS will face resistance at the downtrend line and above that at $9.4456.

Once these two levels are crossed, the digital currency should pick up momentum and move towards $15 with a minor resistance between $10.9 and $11.6.




EOS/USD




However, if the bears force a break below $6.89, the next support on the downside is at $5.961, which will complete a 100 percent retracement of the previous rally. Below that, the EOS/USDpair can slide to $5.1801. We shall propose a trade only on a close above the $9.5 mark.

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