EOS phishing email scam
cryptocurrency-event-2018

EOS/USD Medium-term Trend: Bearish

Resistance levels: $ 11.0, $12.0, $13.0
Support levels: $10.0, $9.0, $8.0

Last week, price of  EOS was in a bearish trend. Price of the asset also fell from the high of $11.04 to the low of $10.58. Price of EOS is still in a downward trend. From the chart, the MACD line and the signal line are below the zero line indicating a sell signal.

In addition, the 12-day EMA and 26-day EMA are above the price of the asset indicating that the bearish trend is ongoing. The relative strength index is Level 39 which indicates that the market is oversold suggesting bulls to take control of the  market. Price of the asset touched the lower Bollinger Bands in the first and the second low which indicates a buy signal.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, price of EOS is in a bearish trend. From the chart, the MACD line and the signal line are below the zero line indicating a sell signal. Also, the 12-day EMA and 26-day EMA is above the price of the asset indicating that the bearish 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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