EOS/USD Medium-term Trend: Bearish
Resistance levels: $ 8.0, $8.5, $9.0
Support levels: $7.0, $6.5, $6.0
Last week price of EOS was also in a bearish trend. Last Monday the cryptoasset traded at a price of $8.90 but fell to the low of $7.3. Later, price of EOS made a pullback to the high of $8.02 on June 30. The cryptoasset is currently in a sideways trend.
The MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of EOS is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 53 which indicates that price of EOS is in the sideways trend zone.
EOS/USD Short-term Trend: Ranging
On the 1-hour chart, the price of EOS is in a sideways trend. Price of EOS is trending horizontally above the price of $8.0. Trading is not advisable at this point in time because of the sideways trend. Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal. Also, the price bars of EOS is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.