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.
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