Yesterday, December 12, the price of EOS was in a bullish trend. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA and reached the high of $2.05. The bears pulled back price as they broke the 12-day EMA and the 26-day EMA to the downside.

Price is likely to reach the previous low of $1.86. 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 bullish trend. The crypto's price has broken the 12-day EMA and the 26-day EMA and it is trending above the EMAs. If the bulls sustain their hold above the 12-day EMA and the 26-day EMA, the cryptocurrency will rise.

Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates 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.

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