New EOS Dedicated Crypto Exchange Set to Launch by Huobi Pool in First Quarter of 2019

EOS/USD Medium-term Trend: Bearish

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

Yesterday, January 10, the price of EOS was in the bearish trend zone. The crypto had broken below the 12-day EMA and the 26-day EMA to the low of $2.46 price level. The price of EOS is now ranging above the $2.46 price level. The crypto is likely to fall because the price is below the 12-day EMA and the 26-day EMA.

Also, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the stochastic is in the oversold region but above the 20% range. This indicates that the price of EOS is in a bullish momentum and a buy signal.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish trend. Yesterday, the bears broke below the 12-day EMA and the 26-day EMA to the low of $2.43 price level. The crypto is now in a range bound movement above the $2.43 price level.

Meanwhile, the stochastic is out of the overbought region but above the 40% range indicating that the crypto is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

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

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

7 − three =