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EOS market overview: EOS/USD bullish engulfing candle brings $5.0 into sight

Published 04/02/2019, 06:37 AM
Updated 04/02/2019, 06:38 AM
© Reuters.
EOS/USD
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EOS/USD
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  • 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.

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