Cornell Blockchain Expert Predicts EOS Exchange Hack Wallet Vulnerability Within Year
cryptocurrency-event-2018

EOS/USD Medium-term Trend:Bullish

Resistance levels: $ 9.5, $10.0, $10.5
Support levels: $9.0, $8.5, $8.0

Yesterday, July 2. price of EOS was in a sideways trend. Today, the cryptoasset has made a bullish movement to the high of $ 9.2. The 12-day EMA and the 26-day EMA are trending northward. A bullish trend line is drawn in anticipation of a bullish trend so that traders can initiate long trades at the support levels. A long trade should be initiated at the support level if price retraces from the recent high and touches the trend line.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of EOS is above 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 73 which indicates that the market is overbought suggesting the bears to take control of the market.

EOS/USD Short-term Trend:Bullish

On the 1-hour chart, the price of EOS is in a bullish trend. The price bars of EOS is above the 12-day EMA and the 26-day EMA indicating 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.

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

cryptocurrency-event-2018

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1 × four =