• On the upside, if the price is sustained above the EMAs, the bulls will break the resistance levels of $7.1 and $7.29 and retest the $8.50 overhead resistance.
• The EOS market is now trading below the $7.10 resistance level. The market fluctuates between the $7.10 resistance and the EMAs.

EOS/USD Medium-term Trend: Bullish

• Resistance levels: $ 7.00, $7.50, $8.00.
• Support levels: $6.00, $5.50, $5.00.

Last week the price of EOS was in a sideways trend. The EOS market was trading below the 12-day EMA and the 26-day EMA in the previous week. On June 4, the EOS market made a downward correction to the support of $6.0 price level after the bulls were resisted at the $8.50 overhead resistance.

On June 15, the bulls broke above EMAs which indicates that price is likely to rise in the bullish trend zone. On the upside, if the price is sustained above the EMAs, the bulls will break the resistance levels of $7.1 and $7.29 and retest the $8.50 overhead resistance. Meanwhile, the EOS market is at the oversold region of the daily stochastic but above 40% range. This indicates that price is in a bullish momentum and a buy signal.

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS was in a bullish trend zone. The 12-day EMA and the 26-day EMA are pointing northward indicating that price is in a bullish trend. On June 16, the bulls tested $7.20 price level and were resisted and the price fell to the support of the 26-day EMA. The bulls pulled back price above the EMAs.

The EOS market is now trading below the $7.10 resistance level. The market fluctuates between the $7.10 resistance and the EMAs. Nevertheless, the market is in the overbought region of the daily stochastic but above 60% range. This indicates that price is in a bullish momentum and a buy signal.

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