EOS Price Analysis: 10/31
The failure of the bulls to sustain above $3.37 has attracted selling. If EOS breaks below the moving averages, it will increase the possibility of a range-bound action between $2.4001 and $3.37.
On the other hand, if the EOS/USD pair turns around from the moving averages, we expect another attempt by the bulls to scale above $3.37. If successful, a rally to $4.8719 is likely. Therefore, the traders can initiate long positions on a break above $3.58 and keep a stop loss of $2.95.