EOS/USD Long-term Trend: Bullish

Supply Zone: $11, $12, $13
Demand Zone: $9. $8, $7

EOS/USD pair had been in a bearish trend in the month of June. Price of EOS was valued at $14.72 at the beginning of June 2018 but has fallen to $8.23 as at today, June 23. In the others words, price of EOS has depreciated to about 44.08%. However, since cryptoasset has fallen to its low, traders should look out  for buy setups at the support level in anticipation of a bullish trend.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal line. In addition, the price bars of EOS 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 46 which indicates that price of the EOS 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.

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