EOS EOS/USD is trading at level 5.55. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend.
As part of the EOS forecast & analysis EOS/USD October 22, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 5.65, from which one can expect a rebound and an attempt to continue the fall of the digital currency with a potential target near the level of 5.00.
EOS forecast & analysis EOS/USD October 22, 2018
An additional signal in favor of reducing the cryptocurrency of the EOS will be a rebound from the resistance area, as well as a test of the upper limit of the downward channel. Earlier, a weak signal was received for sell of EOS cryptocurrency, due to the crossing of signal lines at the level of 5.60.
Canceling the option of a fall in EOS cryptocurrency will break the upper boundary of the Ichimoku Kinko Hyo Cloud with the close of quotes above 5.90, indicating a change in the downward trend in favor of the upward trend and continued growth of the digital currency. Expect to accelerate the decline in quotations EOS/USD stands with the breakdown of the support area and closing below 5.35.
EOS forecast & analysis EOS/USD October 22, 2018 implies an attempt to develop a correction of cryptocurrency and a test level of 5.65, from which we can expect the EOS rate to continue falling with a potential target near 5.00, the cancellation of the reduction option will be a breakdown of 5.90, in this case we can expect a continuation growth.