EOS/USD Medium-term Trend: Ranging
Resistance levels: $ 11.0, $11.5, $12.0
Support levels: $10.0, $9.5, $9.0
Yesterday, June 19, price of EOS was in a sideways trend. The asset traded and closed at a price of $10.55 as at yesterday. Today, the MACD line and the signal line are at par with the zero line. Therefore the asset is neither in a bullish or bearish trend. Secondly, price of the asset is neither above nor below the 12-day EMA and 26-day EMA.
Instead, the exponential moving averages run across the price bars of the asset. Also, note that because of the sideways trend, MACD indicator has not determined the continuity of either the bearish or bullish trend. However, from the price action, the asset is fluctuating between the levels of $11 and $10. The asset may breakout of these levels in the nearest future. Nevertheless, the relative strength index is Level 43 indicates that price is in the range bound zone.
EOS/USD Short-term Trend: Ranging
On the 1-hour chart, price of EOS is in a sideways trend. From the chart, the MACD line and the signal line are at par with the zero line indicating a neutral signal. Also, the 12-day EMA and 26-day EMA run across the price bars of the asset indicating a neutral signal
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