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

Last week the price of EOS was in a bearish trend. The crypto's price had been fluctuating from its low of $2.84 to the 12-day EMA and the 26-day EMA. In other words, the price is ranging wthin the bearish trend zone.

For instance, the bullish trend on December 1, was resisted at the 26-day EMA and the crypto fell and broke 12-day EMA which resulted in the downward trend. Meanwhile, the price is EOS is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. 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. Last week the digital currency was fluctuating below and above the exponential moving averages. On December 2, the crypto's price broke the 12-day EMA and the 26-day EMA to resume its downward trend. Meanwhile, the price of 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. rages

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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