EOS: Price Analysis, May 30



We had proposed a buy at $14.25 on EOS, but it turned down from $12.98 on May 28. The 20-day EMA is currently acting as strong resistance.


The EOS/USD pair can remain range bound between $10.3384-$12.9870 for the next few days, before breaking out or breaking down from it.

We don’t find any buy setup as long as prices remain inside the range. If the virtual currency breaks down of the range, it will become very negative, hence, we suggest waiting for the break out to close (UTC) above $12.98 to form any long positions.

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