EOS Hackathon, Controversies & Charles Hoskinson's Scathing Comments

EOS/USD Medium-term Trend: Ranging

Resistance levels: $ 8.5, $9.0, $9.5
Support levels: $7.5, $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.

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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