Yesterday, December 19, the price of EOS was in a bullish trend. The price of EOS reached the high of $2.86 after a bullish trend but was resisted at the $2.80 price level. The EOS price is retracing and has tested the 12-day EMA. The crypto is making a bullish movement after breaking the 12-day EMA. If the price remains above the 12-day EMA, it is likely to rise.

However, if the downtrend continued and price breaks the 12-day EMA and the 26-day EMA, the crypto will fall into the bearish trend zone. 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.

On the 1-hour chart, the price of EOS is in a bearish trend. The bears broke the 12-day EMA and the 26-day EMA to the downside. The crypto’s price is now ranging below the EMAs. The Stochastic is above the 40% range which indicates that EOS has a bearish momentum and a sell signal.

The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates 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.

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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