EOS/USD Medium-term Trend: Bearish
Resistance levels: $ 7.0, $7.5, $8.0
Support levels: $6.0, $5.5, $5.0
Yesterday, July 11, the price of EOS was in a bearish trend. On July 10, the cryptocurrency had a downward trend that lasted the next day which made price fell to the low of $ 7.02. The bearish scenario has turned into a range bound movement. 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 27 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 smooth bearish trend. Price of the asset has fallen to the low of $ 6.69.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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