EOS: Price Analysis, June 01

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EOS/USD

EOS has a major event coming up on June 02 with its Mainnet launch. It is difficult to predict the price action after such an important event. Due to the uncertainty, we shall not suggest any trade on it. However, we shall mention the important levels to watch out for, both on the upside and the downside.




EOS/USD

Since May 23, the EOS/USD pair is stuck in a range between $10.3384-$12.9870. A breakout and close above $13 gives it a minimum target objective of $15.6356, which can extend to $18.67 because there is no major resistance once $15.15 is crossed.




On a breakdown from the range, the digital currency can slide to $7.6898.

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