EOS: Price Analysis, June 13



EOS has broken below the support at $10.3384 and the 78.6 percent Fibonacci retracement of the rally from $5.9610-$23.0290. The fall can now extend to $8 levels.


The 20-day EMA has turned down, however, the 50-day SMA is still holding close to flat levels. If the bulls quickly rise above the $10.3384 levels, it will indicate that the markets have rejected the breakdown.

We shall wait for the EOS/USD pair to stop falling before recommending any long positions.

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