EOS (EOS) Technical Price Analysis, June 18, 2018

EOS (EOS)

EOS is trying to stay above the $10.3384 levels. A breakdown of this level will result in a retest of the June 13 lows of $9.0887, below which a fall to $8 levels is likely.

Unlike the other digital currencies, the EOS/USD pair is still way above its April levels, which shows its relative outperformance in the medium term.

If the bulls scale above the 20-day EMA and the 50-day SMA, it will indicate strength. We shall wait for the prices to sustain above the 50-day SMA before recommending a trade on it.