EOS (EOS)

EOS Price Prediction: Long-term (EOS) Value Forecast – June 22

Azeez Mustapha
June 22, 2019

On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $8.5 overhead resistance level.
On the downside, if the bears break below the EMAs, the crypto’s price will fall and retest the $6.0 level.

EOS/USD Long-term Trend: Bullish

Resistance Levels: $8.0, $8.5, $9.0
Support levels: $ 7.0, $ 6.5, $6.0

The EOS/USD pair is in a bullish trend. Last month the price of EOS was in a bullish trend. The bulls reached a high of $8.50 but were resisted. The bulls could not proceed at the upper price level because of shortage of buyers. After the downward correction, the EOS market reached a low of $6.0 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which suggest that price is likely to rise. On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $8.5 overhead resistance level.

On the downside, if the bears break below the EMAs, the crypto’s price will fall and retest the $6.0 level. The market is at the overbought region of the daily stochastic but above the 60% range which indicates that EOS 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.