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EOS: Holding Ground Above Key Support
This week, EOS price traded in a nice uptrend above the $2.600 and $2.620 levels against the US Dollar. The price even broke the $2.700 level and settled well above the 55 simple moving average (4-hours). It traded to a weekly high at $2.755 before starting a downside correction. There was a break below the $2.650 support level, but the bulls were able to defend the $2.600 support zone. The recent low was formed near $2.623 and the price is currently holding gains. It is now trading above $2.620 and the 55 simple moving average (4-hours). There was a break above the 23.6% Fib retracement level of the recent decline ... (full story)