EOS bounces off resistance line

Source: Dukascopy Bank SA


The price for EOS has bounced off the trend line, which connects the November and December high levels. On December 10, the EOS/USD rate reached the summer low level at 3.1622. The 3.1622 level appears to have provided both support and resistance in the aftermath of the December 4 crypto flash crash.

If the price reaches below the 3.1622 level, it could look for support in the December 4 low level at 2.4060.

On the other hand, a recovery might find resistance in the 50-four hour simple moving average, before aiming at the November and December resistance line near 3.6000.
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