EOS Explains Why More Than 25 Accounts Were Freezed

EOS/USD Medium-term Trend: Bearish

Resistance levels: $ 8.0, $8.5, $9.0
Support levels: $7.0, $6.5, $5.0

Yesterday, June 26, price of EOS fell to the low of $7.10 but it pulled back to the high of $7.79. The cryptoasset had been in a downward trend since price fell to the low of $9, on June 22. Currently, the price of EOS is falling to the previous low of $7.10. There are indications that the cryptoasset may likely find support at $4.19, if the support level at $7.10 is broken.

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. However, the relative strength index period 14 is level 45 which indicates that price is in the range bound zone

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish 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 26-day EMA are above the price bars of EOS which indicates 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

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

nineteen − seven =