The price is forming the last part of the “W” pattern which connotes the possibility of the price increases toward the resistance level of $6.8 and there is a possibility for a breakout.
Price is currently hovering within the boundaries of the resistance level at $6.8 and the support level at $4.1. It would take a strong directional movement for the price to leave the boundaries.
There could be a further bullish movement. Nonetheless, there may be a pullback towards the support level of $5.8 after which the price may continue to uptrend movement.
There is a strong possibility that price might go up this week by making a break out towards the North, but confirmation needed to long.
EOS, a software introducing a blockchain architecture designed to enable all-round scaling of DApps, welcomes starry members to its team, once again showing the Wall Street that cryptos are here to stay.