EOS/USD Medium-term Trend: Ranging

Resistance levels: $ 11.0, $11.5, $12.0
Support levels: $9.5, $9.0, $8.5

Yesterday, June 20, price of EOS was in a sideways trend but trading at a closed price of $10.47. The Bollinger Bands comes together because the price of EOS is in a sideways trend. Meanwhile, the MACD line and the signal line are neither below nor above the zero line indicating a neutral signal .

Also, price of EOS is neither above nor below the 12-day EMA and the 26-day EMA indicating a sideways trend. Nevertheless, the relative strength index is Level 43 indicates that price is in the range bound zone. The cryptoasset is likely to continue its sideways movement between the levels of $ 11.0 and $9.0

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, price of EOS is in a bullish trend. Price of EOS breaks the upper band of the Bollinger Bands . The implication is that the cryptoasset is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line indicating a buy signal. Also, price of EOS is above the 12-day EMA and the 26-day EMA indicating that a 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.

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