EOS : Price Analysis, March 02

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EOS/USD

EOS continues to trade inside the symmetrical triangle. If it breaks down from the triangle, a retest of the Feb. 06 lows is likely.




EOS




On the other hand, a breakout of the triangle will carry it towards the upper end of the range at $10.119.

Inside the triangle, the price movement is likely to remain volatile. We shall wait for the prices to break out of the 50-day SMA before recommending any long positions in the EOS/USD pair.

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