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

Yesterday, December 13, the price of EOS was in a bearish trend. The cryptocurrency reached the high of $2.09 while in a bullish trend zone but faced resistance at the $2.0 price level. The crypto fell from its recent high and it is hovering above the 12-day EMA and the 26-day EMA.

Yesterday, the bears broke the 12-day EMA, the 26-day EMA and fell to the low of $ 1.87. However, the price of EOS is likely to fall again as it is under the bearish trend zone. 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 above the zero line which indicates a sell signal.

On the 1-hour chart, the price of EOS is in a bearish trend. The price of EOS was ranging at a price of $1.9 before the bearish breakout. The 12-day EMA and the 26-day EMA were horizontally flat. On December 13, the bears broke the 12-day EMA, the 26-day EMA and fell to the low of $1.87. Currently, the crypto is ranging above the $1.87 price level.

However, the crypto's price will fall again if the price is in the bearish trend zone. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is the bearish trend zone. 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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