The Merkle: EOS Price Prediction And Analysis For May 28th – EOS Rising on Expectations Featured
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex EOS is correcting slightly on May 28, trading at $7.92. The steady uptrend, however, is still going on. On H4, the price got boosted and broke out the previous channel boundary at 50% Fibo, or $8.52. The MACD, meanwhile, is diverging, which may signal a reversal. Therefore, once the target at $8.52 is reached, the price may hit the local support at $7.32, and then, after breaking it out, head further down to $5.44, the previous ascending channel support. On H1, the Stochastic formed a black cross in the overbought territory, which may
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