- EOS formidable gains on Tuesday 2 tested $4.8 reviving the hope of breaking above $5.0.
- EOS has retracted into a forming range between $4.5 - $4.8; sideways trend could continue in the sessions to come.
EOS/USD blasted from the ranging trend with a bullish candlestick that engulfed the previous bear candlestick during the European session today. The formidable gains tested $4.8 to the upside reviving the hope of EOS/USD breaking above $5.0 in the short-term. While the ballistic upside motion has fizzled out, the price is settling above $4.6 short-term support.