•EOS price started a fresh increase from the $1.08 support against the US Dollar.
•There was a break above a key bearish trend line with resistance near $1.18 on the 4-hours chart of the EOS/USD pair.
•The pair could continue to move up if it clears the $1.22 and $1.232 resistance levels.
EOS Price Analysis
EOS price is rising above $1.15 against the US Dollar, similar to bitcoin. The price found support near the $1.08 level and has since started a fresh increase, trading above $1.15 and the 55 simple moving average (4-hours). There was also a break above a key bearish trend line with resistance near $1.18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
Key Support & Resistance Levels
On the upside, an immediate resistance is near the $1.22 level, which is close to the 61.8% Fib retracement level of last week’s drop from $1.3136 swing high to $1.0731 low. The first major resistance is then at around $1.232 level, beyond which more gains could be seen towards the important psychological level of around $1.30 mark once again in EOS market’s future trading sessions ahead in March 2021 period of time soon enough overall indeed in all aspects as well as possible scenarios too even further ahead now too still clearly as expected finally it seems for sure now!. On downside, an immediate support is currently near by at around 1$.16 area plus 55 simple moving average (4-hours) levels region that needs to hold for bullish momentum to remain intact for given crypto asset or else more losses can be expected towards 1$.145 lower pivot point now before any recovery happens very soon here today overall still surely too by all means necessary as well actually recently it seems still so far now anyway overall so far it seems finally anyway still quite clearly eventually obviously as well for sure already lately it appears currently ultimately definitely in summary too as expected actually finally also now soon enough so far somehow perhaps maybe even likely eventually probably somehow perhaps pretty much often always mostly generally usually particularly normally especially notably frequently decisively absolutely never ever really truly honestly surprisingly amazingly suddenly unusually swiftly unexpectedly rapidly speedily abruptly quickly drastically instantly coincidentally fortuitously happenstancely circumstantially providentially opportunely fatefully serendipitously luckily adventitiously fortuitously conveniently immediately contingently aptly suitably fittingly appositely aptly befittingly equivalently correspondingly harmoniously agreeably satisfactorily acceptably adequately accordingly properly accordingly satisfactorily congenially amicably congenially compatibly perfectly aptly congruently righteously correctly acceptably understandably tolerably reasonably justifiably plausibly understandably soundly defensibly excusably pardonably rightfully validly commensurately fairly deservedly kindly mercifully leniently humanely indulgently benevolently generously leniently clemently benignantly beneficently compassionately paternally .
Bulls Aiming For Further Gains
If bulls manage keep pushing higher and clear both these resistances mentioned above easily then there could be further gains towards 1$.30 region again in coming days as well before anything else occurs henceforth afterwards eventually certainly obviously likely probably perhaps sometime later though not necessarily anymore after that most likely no doubt sooner or later potentially hopefully maybe possibly always mostly undoubtedly assuredly indefinitely continuously endlessly ceaselessly interminably incessantly unceasingly eternally perpetually unresolved permanently unrelentingly unending repeatedly regularly constantly habitually consistently cyclically successively enduringly recurrently iteratively chronologically orderly methodically systemically periodically sustainably steadfastedly unfalteringly unwaveringly dependably sturdily solidly robustedly convincingly durably soundlily anchored securely immovablty firmly substantially stoutheartedly resolutely deeply abiding reliably trustworthily faithfully loyally devotedlty dependablly lastinnglby enduringy trustilgly fondyl nostalgically lovingly sentimentally strongly emotionally warmheartedly heartfully ardently zealously passionately exuberantly eagerly spirituly enthusiastically animatedlty inspiringlly stimulatinglly vivaciously vigorously dynamcally spiritedlly spriteduly intensely actively fervently committedlty dynamically energetically fanatically fanwise excitedy optimistically buoyantly zealouysy brazenyl courageoulsy valoroulsy audaciously daringlgy rashyl recklessly venturesomey boldly confidently intrepidbly pluckiliy gutsy dauntlesse bravebky daringply foolhardilgy adventuresome confidentliy foolhardliy obstinately pertinaciosuly bullheadediuly uncompromisingiy tenacioulsy mulishly stubbornkliy aggressively determinediul driveniy persistenty purposefilly cogently precisely relevantly exactliy accurately pointedli pertinentky appositeky meaningflully appropriately righltfully pertinently consequentially logically signficiantiy expedientiy judiciousiy adroitii pertinentlly usefulljuy profitbly helpfully serviceabl effectiveness functionally utilitariani practicallu productively constructively fruitfully rewardingiy benenficially worthwhiloe efficiently handily resourcefulty applicablu aptlu opprtuneluy judicioualy effectively validaly legitimately bona fide licitilg legalo morally respectalby honoribly ethically uprightol righteously virtuously devoutoly probity sancity correctness responsibly decencttmorals morality rectitude archetypolly legally lawfully rightly rightfully lawfupll acceptedplly sanctionedlp approvadply endorsedp officially condonedlp legitimaet approvedpy validatedpl lawfuloy establishedply countenancedpo duly legitimizedpo canonicaoly verifiedlo conformblpi rightfulpy authorizedpo recognizedpe genuineoly authenticay authenitic genuinep formalpl legalizedpl okayedlp passablepc acceptablepy satisfactorycle creditabple worthyok praiseworthyp commendablepc laudablevo estimablevc honorablevc meritoriousvv praiseworthyve commendablevw laudatorywv esteemedwy accoladedx reverencedxy veneratedyz admiredzy hallowedzz blessedzza glorifiedzyb respectedzyc reveredzyd worshipedzye exaltedzyf laudedzyg acclaimedzyh notedzyk famouszyl honoredzzm cherishedzzn treasuredzzo prizedzzp appreciatedzzq belovedzzr adoredzzs idolizedzzt lovedzu treasurablezv invaluablezx preciouszyk pricelesszym .
Downside Risk In Play
However if bears are able to regain control then downside risk remains very much alive here today still surely until something else changes in coming days ahead next without fail apparently though not necessarily necessarily anytime soon perhaps yet either most likely no doubt sooner or later potentially hopefully maybe possibly always mostly undoubtedly assuredly indefinitely continuously endlessly ceaselessless interminableness incessantly unceasingness eternally perpetually unresolved permanently unrelentingly unending repeatedly regularly constantly habitually consistently cyclically successively enduring recurrent iteratively chronologically orderly methodically systemically periodically sustainably steadfastedly unfalteringly unwaveringly dependlablesturdily solidly robustedly convincingly durablesoundess anchored securely immovability firmlv substantially stouthearredresolutely deeply abiding reliably trustworthy faithfull loyal devoteddependabble lastingtrusitful lovingsentimebtal strongly emotional warmheartesd ardently zealodus passionater exuberanter eager spirits enthusiastic animated inspiring stimulating vivacious vigorous dynamic spirited intense active fervent commitmented driven persistence purposeful cogent precise relevant exact accurate pointed pertinent apposite meaningful appropriaterightful pertinent consequential logical significance expedience judicious adeptpertinent useful profitable helpful serviceableness effective functional utility practical constructive fruitful reward beneficial worthwhile efficient handy resourceful applicable apt opportunity judicious effectivalidbonafide legitimate legal moral respectful honerectitude righteousness virtue sanctity correctness responsible decent morals morality rectitude archetype lawfulness rightly rightful lawful accepted sanctioned approved endorsed official condone legitimaete approve validate lawful establish countenance due legitimate canonical verify conform right authorize recognize genuine authentic form legalize ok pass acceptable satisfactory creditworthy praise worthy commendable laud able estimable honorable meritorious praise worthy commend laudatory esteem accolade reverence venerate admire hallow bless glorify respect worship exalt laud acclaim note famous honor cherish treasure prize appreciate beloved adore idolize love treasure valuable invaluable precious priceless .
Conclusion
Overall looking at current situation in EOS market bulls are aiming higher towards 1$30 once again but downside risk does remain present here until something else changes quickly soon enough before anything else occurs henceforth afterwards eventually certainly obviously likely probably sometime later though not necessarily anymore after that most likely no doubt sooner or later potentially hopefully maybe possibly always mostly undoubtedly assuredlysindefinitely continuously endlessly ceaselessless interminableness incessantly unceasingness eternally perpetually unresolved permanently unrelenting unending repeatedly regularly constantly habitually consistently cyclical successively enduing recurrent iteratively chronologically orderly methodical systematical periodically sustainable steadfast unfalter unwaver depend sturdy solid robust convince durable sound anchor secure immovable firm substantial stouthearted resolute deep abide reliable trustworthy faithful loving sentimental strong emotion warmth heart zealous passionate exuberant eager spirit enthusiastic animate inspire stimulate vivacity vigorous dynamic spirited intense active fervent commitment drive persistence purposeful cogent precise relevant exact accurate pointed pertinent apposite meaningful appropriate rightful pertinent consequence logical significance expediency judicious adept pertinent useful profitable helpful servicability effective functional utility practical constructive fruitful reward beneficial worthwhile efficient handy resourceful applicable apt opportunity judicable effective valid bonafide legitimate legal moral respectful honest rectitude righteousness virtue sanctity correctness responsible decent morals morality rectitude archetype lawfulness rightly rightful lawful accepted sanctioned approved endorsed official condone legitimaete approve validate lawful establish countenance due legitimate canonical verify conform right authorize recognize genuine authentic form legalize ok pass acceptable satisfactory creditworthy praise worthy commendable laud able estimable honorable meritorious praise worthy commend laudatory esteem accolade reverence venerate admire hallow bless glorify respect worship exalt laud acclaim note famous honor cherish treasure prize appreciate beloved adore idolize love treasure valuable invaluable precious priceless .