EOS More Gains To Come

EOS does look pretty strong while forming the support in the shape of a double bottom at $0.47. Then, the strong rise followed, when EOS/USD went from $0.47 up to $1.41, gaining almost 200% profit against.

This tendency is likely to continue and EOS/USD could be up for more gains with Fibonacci based upside targets. The first target is 127.2% Fibs at $1.56, while the second target is 168.2% at $1.74.

At the same time consolidation can be expected before the uptrend continuation. But the trend remains bullish while EOS stays above the 200 Moving Average.

$0.6 – the middle channel trendline breakout point, should play a key as the support. Break below that level should invalidate bullish outlook and push EOS further down.



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