Resistance levels: $ 9.5, $10.0, $10.5
Support levels: $8.5, $8.0, $7.5
Yesterday, July 17th, price of EOS was in a bullish trend . The bulls were able to break the resistance levels at $8.0 and $8.50 after the price had been range bound between the levels of $6.5 and $8.0. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
In addition, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. Nevertheless, the relative strength index period 14 is level 82 which indicate that the market is overbought suggesting bears to take control of the market. This implies that all the long trades should be exited while we wait for any buying opportunity.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bullish trend. The price of EOS is 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 above the zero line which is a buy signal.
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