EOS (EOS)

EOS Price Prediction: Long-term (EOS) Value Forecast – July 20

Azeez Mustapha
July 21, 2019

On the upside, if the crypto’s price breaks the EMAs, the bulls will retest the $7.50 and $8.50 resistance level.
The bears made a final push to a low at $3.66 price level on July 16.

EOS/USD Long-term Trend: Bearish

Resistance Levels: $8.0, $8.5, $9.0
Support levels: $ 4.0, $ 3.5, $3.0

From June 1, EOS/USD had been on a downward trend. On May 31, the price of EOS rose in a bullish trend as it reached a high of $8.50 but was resisted. The EOS market fell as the bears broke the EMAs to the support level at $6.0 price level. At the support level, the bulls made an upward move above the EMAs but were resisted at the $7.50 price level. The bears made a final push to a low at $3.66 price level on July 16. The $3.66 support level is holding as the bulls make an upward move to the bullish trend zone.

On the upside, if the crypto’s price breaks the EMAs, the bulls will retest the $7.50 and $8.50 resistance level. Meanwhile, the EOS market is at the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.

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

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.