EOS/USD Medium-term Trend: Bullish
Resistance levels: $ 9.0, $9.5, $10.0
Support levels: $8.0, $7.5, $7.0
Yesterday, July 24th, the price of EOS was in a bullish trend. The cryptocurrency had been in a sideways trend the previous day when the EOS price fell to the low $7.75. The price of EOS is in a bullish trend and has reached the high of $8.7. The digital asset has moved out of the range-bound zone of between $8.0 and $6.5. Traders would have made partial profits if they had initiated long trades at the previous low of $7.75.
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 above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 65 which indicate that price is in a bullish trend zone.
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 indicates 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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