EOS-Developer-Exploits-Smart-Contract-to-Create-1-Billion-Tokens

EOS/USD Medium-term Trend: Bearish

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

Yesterday, November 8, the price of EOS was in a bearish trend. Since on November 7, the digital currency had been on a bearish trend. Today, the price of EOS has broken the exponentials moving averages (EMAs) and it is trending below it.

The digital currency is likely to fall to the previous lows of $5.40 and $5 because the price is below the exponentials moving averages. 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 digital currency fell to the low of $5.51 and commenced a bullish movement. 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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