EOS/USD Medium-term Trend: Bearish
Resistance levels: $ 7.0, $7.5, $8.0
Support levels: $6.0, $5.5, $5.0
Yesterday, July 10, the price of EOS was in a bearish trend. Price of the cryptocurrency fell to the low of $7.20. Today, the downward trend is still continuing, and it is likely the EOS price will reach the previous low of $ 5.09.Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Also, the 12-day EMA and the 26-day EMA are above the price bars of EOS which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 19 which indicates that the market is oversold suggesting bulls to take control of the market.
EOS/USD Short-term Trend: Bearish
On the 1-hour chart, the price of EOS is in a serious bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. In the short term trend, the 12-day EMA and the 26-day EMA are above the price bars of EOS which indicates that the bullish trend is continuing.
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