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

Yesterday, December 20, the price of EOS was in a bullish trend. The crypto's price is above the 12-day EMA and the 26-day EMA but price is breaking the 12-day EMA. If price breaks the EMAs, the crypto is likely to resume its downward trend.

Meanwhile, the crypto's price is falling after failing to break the resistance at the $2.8 price level. The crypto's price will further depreciate if price breaks the $2.40 price level. 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 sideways trend. 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 above the zero line which indicates a buy signal. If price breaks the $2.40 price level, the crypto will find support at the $2.0 price level.

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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