• On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the coin will retest the $7.5 price level.
• On the other hand, if the bulls fail to break the EMAs, the crypto’ price will continue its range-bound move between the levels.

EOS/USD Medium-term Trend: Bullish

Resistance levels: $ 6.50, $7.00, $7.50.
Support levels: $4.00, $3.50, $3.00.

Yesterday, July 30, the price of EOS  made an upward move and broke the 12-day EMA but was resisted by the 26-day EMA. The price fell to continue its range bound move below the EMAs.  The crypto's price is characterized by small body candlestick like the Doji and Spinning tops which described the indecision between the buyers and sellers at the current market price.

On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the coin will retest the $7.5 price level. On the other hand, if the bulls fail to break the EMAs, the crypto’ price will continue its range-bound move between the levels. Meanwhile, the EOS market is in the overbought region of the daily stochastic but below 80% range. This indicates that price is in a bearish momentum and a sell signal.

EOS/USD Short-term Trend:  Bullish

On the 1-hour chart, the price of EOS is in a sideways trend.The 12-day EMA and the 26-day EMA are pointing northward. The crypto's price is making a series of higher highs and higher lows as the price reached a high of $4.45 price level. The bulls were resisted as the price  fell to the low of $4.20

The crypto’s price is now fluctuating above the $4.20 support level but below the EMAs. Meanwhile, the EOS market is in the oversold region of the daily stochastic but above 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.