Daniel Larimer EOS’ CTO Says It Wants to Change the Entire Current Constitution

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.

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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