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EOS Price Analysis: Crucial Resistance Awaits Near $4.40

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Price Analysis of EOS: Near $4.40, it is crucial to break the resistance. price is consolidating losses below $4.500 against the US Dollar, while bitcoin is back above $50K. The bulls lacked strength, resulting in a bearish reaction below the $5,000 support.The correction immediately dropped below $4,500 and $4,400.

Price Analysis of EOS: Near $4.40, it is crucial to break the resistance. Price Analysis

There were a couple of attempts by Price Analysis of EOS: Near $4.40, it is crucial to break the resistance. price to clear the $5.500 resistance against the US Dollar. The price has even climbed above the 23.6% Fibonacci retracement level for the downward move from the $5.474 high to $3.169 low . It is currently consolidating around the $4.000 level.

A key contracting triangle appears on the 4-hour chart with resistance near $4000 in the ETH/USD pair. Above the triangle, the next resistance area is near the $4.350 and $4.400 levels. The 50% Fib retracement area of the descent from the $5.474 high to the $3.169 low is also being tested and acts as a hurdle. If the $4.350 and $4.400 levels are clearly broken, we will likely march further toward the $5,000 level.

Any further gains might push price towards the $5.500 level, however a correction on the downside could occur below the triangle support at $3.700. The next level of support is near $3,500.

The price is clearly trading below the $4.400 support level and the 55-sma (4-hours). There is also a key contracting triangle forming with resistance near $4.000 on the 4-hours chart of the Price Analysis of EOS: Near $4.40, it is crucial to break the resistance./USD pair. 4 Hours MACD – EOS/USD MACD is in the bullish zone. 4 Hours RSI – The RSI is currently below the 50 level. Support at $3.700 and $3.200.

There are two major resistance levels – $4.400 and $500. ?? Something went wrong. Please try again later.

?? Something went wrong. Please try again later. If the price clears the $4.400 resistance zone, it will likely move higherThe next key support is near $3,500. There has been some attempt by EOS price to break the $5.500 resistance.

Price Analysis of EOS: Near $4.40, it is crucial to break the resistance. Price

Price Analysis of EOS: Near $4.40, it is crucial to break the resistance. Price

Looking at the chart, Price Analysis of EOS: Near $4.40, it is crucial to break the resistance. price is clearly trading well below $4.400 and the 55 simple moving average (4-hours). The price even broke the $4.000 support and settled well below the 55-sma.

Technical indicators

4-hours MACD – The MACD for Price Analysis of EOS: Near $4.40, it is crucial to break the resistance./USD is struggling to gain in the bullish zone.

The price has even climbed above the 23.6% Fib retracement level of the decline from $5.474 high to $3.169 low. It is now consolidating near the $4,000 level. An important contracting triangle is also forming with resistance at $4,000 on the 4-hours chart of the EOS/USD pair.

Major resistance above the triangle is located near the $4.350 and $4.400 levels. The 50% Fib retracement level of the downward move from the $5.474 high to $3.169 low is also close to the $4.320 level in case it has to act as a hurdle.

Major Resistance Levels – $4.400 and $5.000.

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 2/25/2021

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