EOS: Price Analysis, October 22


EOS has been stuck close to $5.5 for the past six days. Both moving averages are flat and the RSI is close to the neutral territory. This shows that the consolidation might continue for a few more days.


The EOS/USD pair will indicate a trend reversal if it breaks out of $6.8299. If the price sustains above the range, a rally to $9 is probable.

On the downside, if the bears break down of $4.4930, a retest of $3.8723 will be on the cards. The traders can protect their long positions with a stop loss at $4.9.

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