EOS/USD Medium-term Trend: Bearish

Resistance levels: $ 7.5, $8.0, $8.5
Support levels: $6.5, $6.0, $5.5

Yesterday, July 12, the price of EOS was in a downward trend. The cryptocurrency fell and closed at a price of $6.74 and thereafter made some bullish movement.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

In addition, 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 39 which indicates that the market is oversold suggesting bulls to take control of the market.

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS is in a bullish trend. The price bars of EOS are above the 12-day EMA and the 26-day EMA indicating that the cryptocurrency is rising. Also, the MACD line and the signal line are almost on par with the zero line.

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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