Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.

Last week the price of EOS was in a bearish trend. On December 7, the crypto's price fell to the low of $1.67 and made a bullish movement toward the EMAs. The crypto’s price broke the 12-day EMA and the 26-day EMA but could not sustain hold at the bullish trend zone.

Meanwhile, the price is EOS is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

On the 1-hour chart, the price of EOS is in a bullish trend. On December 7, the crypto's price fell to the low of $1.56 and commenced a bullish movement. The crypto’s price  has broken the EMAs and it is above the bullish trend zone.

The price broke below the 12-day EMA and it is ranging above the 26-day EMA. The MACD line and the signal line are above the zero line which indicates a buy signal. There will be no long trade recommendation as price is in bearish trend zone.

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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