EOS/USD Medium-term Trend: Bullish
Resistance levels: $ 7.5, $8.0, $8.5
Support levels: $6.5, $6.0, $5.5
Last week the price of EOS was in a sideways trend when the bears took price to the low of $6.92. The digital asset is still in its sideways trend at that price level. Today, the price of EOS will continue its sideways trend.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price bars of EOS is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 48 which indicates that price is in the sideways trend zone.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bullish trend. The price bars of EOS are above the 12-day EMA and the 26-day EMA indicating that the cryptocurrency is rising. Also, the MACD line and the signal line are above the zero line whish indicate a buy signal. Price is attempting to reach the previous high of $7.27.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.