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

EOS/USD Long-term Trend: Bearish

Supply Zone: $8.5, $9, $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 trading at $14.41 as at the beginning of June 1, 2018, but fell to the low of $ 7.30, on June 29. The cryptocurrency now fluctuates between the levels of $7.3 and $9.0. The price of EOS is now trading at $8.65 as the time of writing. The fluctuations of the cryptocurrency will lead to another breakout, and if the bears break the support level at $7.30, price of EOS will 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 bullish trend is ongoing. Nevertheless, the relative strength index period 14 is level 41 which indicates that price is in the sideways trend zone.

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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