EOS: Price Analysis, June 29

EOS/USD

Though the bulls have failed to break out of the downtrend line 2, they have managed to defend the June 24 lows of $6.8926. Any break of this level will extend the fall of EOS to the next support at $5.9610.




EOS/USD




Though both moving averages are falling and the cryptocurrency has failed to sustain above the 78.6 percent retracement level of the recent rally, we remain upbeat on it because it has still not broken below its April lows.

We shall look for buying opportunities when the EOS/USD pair breaks out of the 20-day EMA and the downtrend line.

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