EOS/USD Medium-term Trend: Ranging

Resistance levels: $7.0, $7.5, $8.0
Support levels: $6.5, $6.0, $5.5

Yesterday, August 6th, the price of EOS was in a sideways trend. The price of EOS has been fluctuating between the levels of $7.1 and $6.99. The cryptocurrency has no significant price movement since the beginning of August 2018. It is currently trading at $6.99 as at the time of writing.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 43 which indicates that price is in the sideways trend zone.

On the 1-hour chart, the price of EOS is in a sideways trend. The price bars of EOS are neither below nor above the 12-day EMA and the 26-day EMA which indicate that price is in the sideways trend. Also, the MACD line and the signal line are below the zero line which indicates a sell 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.

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