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EOS Price Analysis: EOS/USD Upside Consolidation Breakout


EOS was previously consolidating inside a symmetrical triangle pattern with its higher lows and lower highs on the 1-hour chart. Price just broke past the resistance to confirm that bulls have taken the upper hand.

The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside or that the climb is more likely to gain traction than to reverse. Read More...

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