Yesterday, December 17, the price of EOS was in a bullish trend. The price of EOS was fluctuating above the 12-day EMA before the bullish breakout. The crypto’s price is out of the bearish trend zone. For the bullish trend to be sustained, the price of EOS has to remain above the exponentials moving averages.

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. The Stochastic is in the overbought region above the 80% range which indicates that EOS has a strong bullish momentum and a buy signal.

On the 1-hour chart, the price of EOS is in a bullish trend. The crypto’s price is in a smooth uptrend as price makes a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA are trending northward.

Presently, the crypto’s price is currently retracing from its high. 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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