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.
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