EOS/USD Medium-term Trend: Bearish
Resistance levels: $ 8.5, $9.0, $9.5
Support levels: $7.5, $7.0, $6.5
Yesterday, June 25, price of EOS was in a bearish trend. The cryptoasset also fell to the low of $7.10 but price made a pullback to the high of $7.79. Thereafter, the price of EOS is now in a sideways trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Also, the 12-day EMA and the 26-day EMA are above the price bars of EOS which indicates that the bearish trend is ongoing. Meanwhile, the Bollinger Bands contracted when the market was quiet and in a sideways trend. Also, the Bollinger Bands expanded when price fell to its low at $7.10. However, the relative strength index period 14 is level 42 which indicates that price is in the range bound zone
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of EOS are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.
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