EOS/USD Medium-term Trend: Bearish
Resistance levels: $ 8.0, $8.5, $9.0
Support levels: $7.0, $6.5, $6.0
Yesterday, June 27, price of EOS was in a bearish trend. Today, the cryptoasset is still in a bearish move. 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 bears were resisted at the price of $7.13 by the bulls. If the bears had broken the support level at $7.10, the price of EOS would have fallen to the low of $4.19. In the interim, the cryptoasset is fluctuating between the levels of $7.10 and $ 8.0 since the asset fell to the low of $ 7.10.However, the relative strength index period 14 is level 48 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 bullish signal. Also, price bars of EOS is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.
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