EOS Coin Beginner's Guide

EOS/USD Medium-term Trend: Bearish

Resistance levels: $ 6, $7, $8.
Support levels: $5, $4, $3.

Yesterday, November 7, the price of EOS was in a bearish trend. The crypto’s price reached the high of $5.79 in a bullish trend. However, at the high of $5.83, the crypto’s price was resisted and price fell in a downward trend. The reason for the fall was that the price of EOS faces resistance at the $6 price level.

The digital currency has fallen and broken the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The price of EOS is likely to fall to a low of $5.40. Meanwhile, the price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish trend. The crypto’s price has fallen to the low of $5.53 as at the time of writing. The MACD line and the signal line are below the zero line which indicates a sell signal. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

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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