EOS Price Analysis: EOS breaks past $5.6 threshold to restart bullish ascent

TL;DR Breakdown EOS price analysis indicates a golden crossover above the 50 and 200-day exponential moving averagesThe token broke past the $5.6 threshold in a head and shoulder pattern and is now being traded at high of $6.2424-hour trading volume has dropped down to 2.6 billion while price is up 10 percent EOS price analysis shows the beginning of a bullish trend for the token. The intra-day price has shot from a low of $5.55 to trade at $6.22 at the time of writing, recording a 10 percent increase. EOS coin broke the threshold at $5.6 from a head and shoulder pattern forming on the 24-hour trade, before going on to cross the $6 mark for the first time since June. The price is currently testing resistance at $6, so traders looking to enter into EOS should wait for the token to properly breakout or retreat from this mark. The larger cryptocurrency market showed progressive signs continuing from yesterday, as Bitcoin capitalised above the $50,000 mark. Ethereum also went up around 2 percent to value just under $4,000. Altcoins fared similarly, with Dogecoin up 3 percent, Cardano moving up to $2.87, and Ripple moving up 2.5 percent to finish at $1.27. Luna was the highest performing cryptocurrency in the market, recording a 9.5 percent upturn to move up to $34.06. ESO Price Analysis: Cryptocurrency Heat Map. Source: Coin360 EOS/USD 24-hour chart: Bullish run initiated after post-cup and handle consolidation The 24-hour trad...