EOS/USD Medium-term Trend: Bearish
Resistance levels: $ 10.0, $10.5, $11.0
Support levels: $9.0, $8.5, $8.0
Yesterday, June 14, the price of EOS was in a bullish trend. During the downtrend, the asset fell to the low of $9.44. But the current bullish trend has made the asset to reach the high of $11.40 before price pullback. For the price of EOS, the MACD line and the signal are below the zero line indicating a sell signal.
Also, the 12-day EMA and 26-day EMA are neither below nor above the price of the asset, this is a neutral signal. The indicator is undecided about the direction of the trend for the asset.Nevertheless, the relative strength index period 14 is level 50 indicates that price of the asset is in the range bound zone. The RSI indicates that the price of the asset is in a sideways trend.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, price of EOS is in a bullish trend. From the chart, the MACD line and the signal line are above the zero line indicating a buy signal. Also, the price of the asset is above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.
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