Yesterday, December 10, the price of EOS was in a bearish trend. On December 7, the crypto’s price fell to the low of $1.67 and commenced a bullish movement that broke the 12-day EMA and the 26-day EMA. The crypto’s price reached the high of $2.17 while in a bullish trend.

Yesterday, the bears broke the exponential moving averages to cancel the gains of the bulls. Today, crypto’s price has fallen to the low of $1.91, and the bulls are making attempt to break the EMAs. Meanwhile, the price is EOS is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

On the 1-hour chart, the price of EOS is in a bearish trend. Yesterday, December 10, the crypto’s price broke the 12-day EMA and the 26-day EMA and commenced a range bound movement. The EMAs were horizontally flat indicating a sideways trend.

Today, the crypto's price has fallen to the low of $1.88 and it is attempting to break the 12-day EMAs.The crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is the 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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