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.
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