EOS Hackathon, Controversies & Charles Hoskinson's Scathing Comments

EOS/USD Medium-term Trend: Ranging

Resistance levels: $ 8.5, $9.0, $9.5
Support levels: $7.0, $6.5, $6.0

Last week, the price of EOS was in a bullish trend. While in a bullish trend the digital asset reached the high of $8.99 but it later fell to the low of $7.62 on July 21st. Today, the price of EOS is in sideways trend but trading at a price of $7.80 as at the time of writing. Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal.

Similarly, the price of EOS is neither above nor below the 12-day EMA and the 26-day EMA indicating that the cryptocurrency is in a sideways trend. Nevertheless, the relative strength index period 14 is level 43 which indicate that price is in a sideways trend. There is the tendency that the price of EOS is likely to fluctuate in the range bound zone of $8.0 and $6.5

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS is in a bullish trend. The MACD line and the signal line are above the zero line which is 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.

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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