Yesterday, January 31, the price of EOS was in the bearish trend zone. Yesterday, the bears interrupted the bullish trend of January 30. A bearish candlestick  broke the trend line to a sideways trend. The 12-day EMA and 26-day EMA are trending horizontally.

The crypto’s price is neither below nor above the 12-day EMA and 26-day EMA. On the downside, if the crypto falls it will revisit the previous low of $2.23. Meanwhile, the stochastic is out of the overbought region but above the 60% range. This indicates that the price of EOS is in a bearish momentum and a sell signal.

On the 1-hour chart, the price of EOS is in a bearish trend zone. On January 31, the bulls broke the 12-day EMA, the 26-day EMA as the price reached the bullish trend zone. Later, the bears broke below the EMAs as price began a downward fall.

The crypto is below the EMAs and price is likely to fall to the low of $3.23. Meanwhile, the MACD line and the signal line are below the zero line which is 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.

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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