Hi, Traders ! **Monfex** is on the air !

**EOS Bulls have broken through the Resistance at $3.40; now the price is retesting this level from above.**


\* EOS seems to be losing traction after a short bullish run to as high as $3.70 level.

\* At that point of reversal, the price has faced with the upper band of the mid-term descending trend channel.

\* It is now well-supported from below, with: strong horizontal support at $3.40 and 21 Daily EMA at $3.30.

\* Hence, the bearish scenario could be validated only if the price closes below 21EMA.

\* But we think that $3.40 will be successfully maintained with the Bulls recapturing the initiative and driving prices to the next target area of $4.20 – $4.50.

**Active trade signal**

Buy @ $3.40.
Target area: $4.20 – $4.50.
Stop-loss: $3.25.

**Watch for our Updates to get real-time superior signals!**


*This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.*

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