EOS/USD Long-term Trend: Ranging
Supply Zone: $8.5, $9.0 $9.5
Demand Zone: $7.5. $8.0, $8.5
The price of EOS was range bound in the month of July between the levels of $9 and $6.5. The cryptocurrency began the new month at a price of $ 8.2. The bulls took price to the high of $9.15 but price was brought down to the low of $6.7. However, the bulls took price again the second time to the high of $8.8 and it was also brought down. The price of EOS is now trading at $8.3 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 are 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.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.