According to the price analysis by Johan Tomasson, a senior analyst at crypto trading platform, EOS is attempting a pullback, which is likely to face resistance at $3.1534. If the bulls can push the price above this resistance, it will be a positive sign as it will indicate that the current breakdown was a bear trap.

The EOS/USD pair will indicate a possible turnaround if the bulls can propel it above the downtrend line. It can thereafter move up to $4.24 and above it to $4.8719. The momentum will pick up on a break above $4.8719. Tomasson from will recommend a long position on a breakout above the downtrend line.

Conversely, if the pair turns down, either from $3.1534 or from the downtrend line, the bears will attempt to resume the downmove. A break below $2.4001 will be a negative sign.


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