Yesterday, December 27, the price of EOS was in a bearish trend. Yesterday, the crypto’s price fell to the low of $2.37 from the previous high of $2.59. It was suggested in the previous analysis that if the crypto’s price broke the $2.5 price level, the crypto would find support at either $2.0 or $2.40 price level.

Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price may continue its downward fall. Similarly, the stochastic indicator is in the oversold region below the 20% range which indicates that the EOS is in a strong bearish momentum.

On the 1-hour chart, the price of EOS is in a bearish trend. After the previous range-bound movement, the crypto’s price fell to the $2.37 price level and commenced a range bound movement.

Meanwhile, 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 of the oversold region but above the 20% range. This means that the price of EOS is in a bullish momentum and a buy 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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