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.
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