EOS coin vulnerabilities

EOS/USD Medium-term Trend: Bullish

Resistance levels: $ 9.0, $9.5, $10.0
Support levels: $8.0, $7.5, $7.0

Yesterday, July 25th, the price of EOS was in a bullish trend. Yesterday, the bulls took price to the high of $8.8 but were resisted by the bears. The EOS price retraced to the low of $8.5 and resumed a bullish movement. Traders can initiate long trades in anticipation of a bullish trend at a price of $8.5.

Meanwhile, the MACD line and the signal line are above the zero line which indicate a buy 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 59 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.

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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