EOS EOS/USD ends the trading week near the 5.42 area. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in EOS. The current trading week is expected to test the upper limit of the Ichimoku Kinko Hyo Cloud near 5.55, from which one should expect an attempt to rebound and continue the development of a bearish trend with a target below the level of 4.00.
EOS weekly forecast October 29 — November 2, 2018
An additional signal in favor of the cryptocurrency fall is the test of the upper limit of the «Triangle» model, as well as the test of the resistance level. Earlier, a weak signal was received SELL the EOS cryptocurrency, due to the crossing of signal lines at the level of 5.70.
Cancellation of the option of falling quotes EOS/USD will be a breakdown of the upper boundary of the indicator cloud and close above 6.20, which will indicate a change in the downward trend in favor of the upward trend. Expect to accelerate the fall of quotations is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 4.60.
EOS weekly forecast October 29 — November 2, 2018 suggests an attempt to develop a correction to the level of 5.55, from which we should expect a rebound and a further fall in cryptocurrency with a potential target near 4.00, a test of the resistance level will come out in favor, the region will break down 6.20, in this case, we should expect continued growth of EOS.