EOS: Price Analysis, October 29

EOS/USD

After trading close to both moving averages since Oct. 16, EOS plummeted today. It has a minor support at $5, below which the fall can extend to $4.49. Therefore, we suggest traders keep the stops on the existing position at $4.9.




EOS/USD




The EOS/USD pair will show strength if it bounces off $5 and climbs above $6.1. As long as the price remains below both moving averages, every attempt to rally will be met with selling at higher levels.

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