EOS/USD Medium-term Trend: Ranging
Resistance levels: $ 8.5, $9.0, $9.5
Support levels: $7.5, $7.0, $6.5
Yesterday, July 23rd, the price of EOS is in a sideways trend. The digital currency depreciated further to the low of $7.8. The price of EOS is in a bullish market making an attempt to reach the previous highs. Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal.
Similarly, the 12-day EMA and the 26-day EMA are above the price of EOS which indicates that the cryptocurrency is in a bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 40 which indicate that price is in a sideways trend.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell 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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