EOS Price Analysis – November 22
The EOS/USD pair is maintaining a downtrend as the bears come together to increase selling pressure in the market.
Resistance levels: $3.0, $3.2, $3.4
Support levels: $2.2, $2.0, $1.8
The EOS price is fluctuating in the bearish zone, which might be a little concern as of now. The main question is when EOS will slide to the profit zone? It seems that traders might have to bear some patience to enjoy some returns in the EOS market. Meanwhile, they might want to work upon avoiding any losses if the value is dropped every day.
However, the EOS/USD pair is maintaining a downtrend as the bears are preparing for more selling pressure. Looking at the daily chart, the market is consolidating and the potential supports lie at $2.2, $2.0 and $1.8 levels. However, if the bull could step back into the market, a trend reversal may resurface and push it to the resistance levels at $3.0, $3.2 and $3.4. The stochastic RSI is extremely in the oversold zone, which may likely give more bearish signals.
Against Bitcoin, EOS is currently changing hands at 3613 SAT and if the bulls can hold the price tight as it is, the next key target price lies at 3805 SAT and 3905 SAT respectively. Reaching these levels may likely move the market to 4005 SAT. Meanwhile, RSI (14) moves below 40-level and may likely give some possible bearish signals for the next few today.
Meanwhile, if the bulls failed to push the price to the nearest resistance, the market could resume its bearish trend. More so, EOS price may likely see a sharp drop at 3480 SAT support level as it moves below the 9-day and 21-day moving averages. Breaking this level could further push the market to the nearest support levels at 3380 SAT, 3280 SAT, and 3180 SAT.
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