EOS Price Analysis: 10/3/19

  • EOS price is currently correcting higher after it formed a support base near $2.650 against the US Dollar.
  • The price is facing a lot of hurdles on the upside near the $3.050, $3.100 and $3.350 levels.
  • There are two bearish trend lines forming with resistance near $3.050 and $3.400 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could correct higher towards $3.100 or $3.350, but upsides are likely to be contained.
    The price must surpass the $3.400 resistance area to move into a positive zone.
    Source: https://cryptonews.com.au/story/eos-price-analysis-upsides-remain-limited-sell-on-rallies-102620
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