EOS: Recent breakout could mean this for long term holders

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The recent bullish crossover on the 20 EMA (red) and the 50 EMA (cyan) came to fruition after EOS's side-channel (yellow) breakout. The resultant growth entailed a position above the near-term EMAs.

Timeline of Eos

In the big picture, the EOS/USDT pair chart shows an evident rounding bottom recovery in the daily time frame. This pattern usually appears at the market bottom to indicate a new uptrend.

While EOS (EOS) is still trading inside a crucial long-term resistance level, there are several signs in various time frames that suggest a breakout is expected. The post EOS (EOS) Pumps by More Than 30% in a Day appeared first on BeInCrypto.

Monday saw eos remain in the green, despite the latest red wave in cryptocurrency markets. Today's rally sees the token move almost 20% higher in the last seven days. Flow, on the other hand, extended its recent declines and is now down by almost 30% in the same period.

The EOS/USDT pair struggled to surpass the $1.413 supply zone over the past three months and formed a range-bound rally. However, this consolidation phase shaped into an inverted head and shoulder pattern, indicating a recovery opportunity for coin holders.

Eos rose by as much as 20% on Wednesday, as bulls continued to react to the news of its upcoming Yield+ incentive program. Today's price surge comes despite the global cryptocurrency market cap falling by almost 2% as of writing. Tezos was also higher, hitting a two-month high on hump day.

EOS token surges following Block.one settlement refusal in district court for the Southern District of New York. The post EOS token jumps 17% following court ruling on Block.one settlement appeared first on The Block.

The blockchain protocol Antelope has taken what it describes as a “leap of freedom” and forked its protocol off development firm Block.one's EOSIO platform and instead embraced the rival EOS Network Foundation.

EOS price analysis shows the continuation of the upside momentum but with limited price action. The buyers meet the critical supply zone after surging more than 12% in the previous session.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. EOS's descent below the $3.6-mark gave the sellers enough thrust to cause a breakdown below $1.

For nearly six weeks, the EOS price rose in response to the rising parallel channel pattern. However, the pattern could contain the growth in bullish momentum, resulting in an upside breakout.