Yesterday, December 26, the price of EOS was in a bearish trend. Since on December 25, the crypto’s price fell to $2.59 and had been fluctuating at that price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. On the downside, if the bears break below the $2.50 price level, the crypto will further depreciate to the lows of $2.40 and $2.0 price levels.

On the upside, the crypto will have to break the 12-day EMA and the 26-day EMA to the upward and remain above the EMAs for the price to rise. The stochastic is out of the oversold region but above the 20 % range. This indicates that the price of EOS is in a bullish momentum and a buy signal.

On the 1-hour chart, the price of EOS is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. In the same vein, the stochastic indicator is in the oversold region and it is below the 20% range. This means that the price of EOS is in a bearish momentum and 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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