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

Yesterday, December 24, the price of EOS was in a bullish trend. The crypto’s price reached the high of $3.11 but the resistance at the $3 price level made the crypto to fall. The price fell to a low of $2.81. Today, the crypto further depreciated to the low of $2.59.

Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the price may continue its fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. Therefore, if price breaks the $2.40 price level, the crypto will find support at the $2.0 price level.

On the 1-hour chart, the price of EOS is in a bearish trend. The crypto’s price broke the 12-day EMA and the 26-day EMA to the downside, and price fell to its low at $2.59. Later,the crypto  commenced a range bound movement at that price level.

Meanwhile, the stochastic indicator is in the oversold region above the 20% range. This means the price of EOS is in a bullish momentum and a buy signal. The crypto may continue its fall.

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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