By Dmitriy Gurkovskiy, Chief Analyst at RoboForex This week, the EOS cryptocurrency resumed declining, and on Tuesday, December 10th, it is generally trading at $2.65. On D1, the downtrend is slowing down, and a convergence is forming on the MACD. As the main goal of the developing trend, we should regard the fractal minimum of $1.55. However, keeping in mind the convergence, a breakout of the current resistance level at $3.35 may signal a reversal and the development of a new bullish cycle. On H4, after a correctional rise to 38.2% Fibo, the quotations started declining to the minimum of
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