EOS stopped its downtrend at the $1 support!
EOS stopped its downtrend at the $1 support area over the past week. Although the further decrease in price caused the fake of this range to break and fall to the price of $0.940, the demand caused the price to return above this support range. There has not yet been a strong reaction to this support range for regrowth potential. So there is a possibility of this level of support by sellers again. But if Bitcoin breaks through its current resistance in the $19,800 range, it is still possible that prices will continue to rise in the market in the short term.
Therefore, a resistance zone is considered on the IAS currency chart in the daily time frame. If a strong daily candle breaks this resistance, further price growth to the previous ceiling ranges is possible. This week, the resistance in the range of $1.070 to $1.10 is of particular importance. In the daily time frame, no positive divergence has yet been observed on the RSI indicator. Therefore, the probability of retesting the support is higher.
Therefore, a resistance zone is considered on the IAS currency chart in the daily time frame. If a strong daily candle breaks this resistance, further price growth to the previous ceiling ranges is possible. This week, the resistance in the range of $1.070 to $1.10 is of particular importance. In the daily time frame, no positive divergence has yet been observed on the RSI indicator. Therefore, the probability of retesting the support is higher.
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