EOS EOS/USD is trading at 5.42. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend. As part of the EOS forecast & analysis EOS/USD October 29, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 5.50, from which one can expect a rebound and an attempt to continue the decline of the digital currency with a potential target near the level of 5.10.
EOS forecast & analysis EOS/USD October 29, 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 «Triangle» model. Earlier, a weak signal was received for SELL the 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 quotes closing above 5.60, 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 quotes EOS/USD stands with the breakdown of the lower boundary of the model «Triangle» and closing below 5.30.
EOS forecast & analysis EOS/USD October 29, 2018 suggests an attempt to develop a correction of the cryptocurrency and the test level of 5.50, from which we can expect the EOS rate to continue falling with a potential target near the level of 5.10.