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.
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