EOS Price Analysis: Downside Thrust Before Fresh Increase?

EOS 2 800x600

EOS price is trading below the key $4.700 and $4.600 resistance levels against the US Dollar. The price is struggling to hold the main $4.050 support area. There is a major bullish trend line forming with support near $4.080 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could decline heavily below the $4.080 and $4.0450 supports before staring a fresh increase. EOS price is trading with a bearish angle against the US Dollar and bitcoin. The price could decline heavily if it fails to stay above the $4.050 and $4.000 support levels. EOS Price Analysis Earlier this week, there was a bearish reaction in bitcoin, Ethereum, ripple, litecoin and EOS against the US Dollar. Later, BTC recovered, but EOS price struggled to surpass the $4.600 resistance. Moreover, there was no proper close above the $4.500 pivot level. As a result, the price declined below…

Read the original article here