EOS/USD Long-term Trend: Bullish
Supply Zone: $11, $12, $13
Demand Zone: $9. $8, $7
EOS/USD pair has been in a downward trend since the beginning of June, 2018. The price of the asset was $14.72 at the beginning of June 2018, but fell to the low of $9.08 as at the time of writing. The asset is currently trading above the $10 price levels. Traders should look for buy setups at the support level at $10 to initiate long trades.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal line for EOS asset. In addition, the price of the asset is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. Nevertheless, the relative strength index period 14 is level 50 which indicates that price of the asset 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.