Yesterday, February 6, the price of EOS was in a bearish trend. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell to the low of $2.34. The bulls held unto the $2.34 price level and made a bullish movement to the EMAs.

If the bulls break above the EMA, a retest of $2.50 price level will repeat itself. On the other hand, if the bulls failed to break the EMAs, the crypto will commence his downward trend. Meanwhile, the stochastic is out of the overbought region but above the 40% 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 bullish trend. Yesterday, the bears took price to the low of $2.33 and commenced a range bound movement. Later, the bulls took control of price and broke the 12-day EMA and the 26-day EMA as the crypto's price is sustained above the EMAs. The crypto is approaching the former previous high of $2.42.

Meanwhile, the stochastic is in the overbought region but below the 80% range. This indicates that the price of EOS is in a bullish momentum and a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish 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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