EOS Price Analysis: 10/28
Though the bulls managed to propel EOS above the overhead resistance of $3.370 for the past two days, they have not been able to sustain above it. This shows selling at higher levels. Currently, the bulls are again attempting to hold the price above $3.370. If successful, a rally to $4.240 and above it to $4.8719 will be on the cards. Therefore, traders can buy above $3.58 and keep a stop loss of $2.40.
Contrary to our assumption, if the bears sink and sustain the price below $3.370, the EOS/USD pair will remain range-bound for a few days. The trend will turn negative below $2.4001.