China's Global Public Chain Technology Evaluation Index Rates EOS #1 Coin

EOS/USD Long-term Trend: Bearish

Supply Zone: $8.5, $9.0, $9.5
Demand Zone: $7.5. $7.0, $6.5

EOS/USD pair was bearish all through the month of June. Price of EOS was $14.72 at the beginning of June 2018. The cryptoasset fell to the low of $7.10 but  made a pullback to the $8.0 price level. The price of EOS has depreciated for about 51.76%. Besides that, there are indications that the bearish pressure is continuing. If the bears break the price level at $7.10, the cryptoasset is likely to find support at $4,19.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal . In addition, the 12-day EMA and the 26-day EMA are above the price bars of EOS which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 36 which indicates that the market is oversold suggesting bulls to take control of the market.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

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