EOS/USD Long-term Trend: Bearish
Supply Zone: $8.0, $8.5 $9.0
Demand Zone: $7.0. $6.5, $6.0
EOS/USD pair was bearish all through the month of June 2018. The closing price of EOS at the end of June was $ 8.2. The cryptocurrency had been in a range bound movement. On the July 13th, the bulls took price to the high of $8.8 but the bears gradually brought price to the current market level at $7.8 as at the time of writing.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line. In addition, the 12-day EMA and the 26-day EMA is above the price bars of EOS which indicate that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 44 which indicates that price is in the sideways trend zone.
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