EOS Price Action Analysis

Looking at EOS price action, after Wednesday’s 15% surge it found itself where it was on February 24th: at the 38% Fibonacci retracement level at 0.0010 versus Bitcoin, above the daily Ichimoku cloud. This level has now become a key resistance level and a break above it could open doors for further gains towards the 50% Fibonacci level of 0.0012. We could still expect a pullback towards the upper band of the Ichimoku cloud after this massive surge which could be considered as buying opportunity for those of you who’re looking to invest in EOS.