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EOS/USD Medium-term Trend: Bearish

Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.

Yesterday, December 5, the price of EOS was in a bearish trend. Yesterday, the crypto's price fell to the low of $2.20 and commenced a range bound movement. The price of EOS has had a free fall from the $3 price level to the current price level. The digital currency had little resistance as price fell to its low at $2.21.

Meanwhile, the price is EOS is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. There will be no trade recommendation as the price is in the bearish trend zone.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish trend. On December 5, the digital currency made a bullish movement and broke the 12-day EMA but was resisted by the 26-day EMA. The crypto's price now fell to the low of $2.16 and commenced a range bound movement. Meanwhile, the price of EOS is below the EMAs indicating that price will continue its fall.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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