Yesterday, February 7, the price of EOS was in a bearish trend. The 12-day EMA and the 26-day EMA are trending horizontally. The crypto's price is below the EMAs as the bulls are making attempt to break above the EMAs. However, if the bulls break above the EMAs, the crypto will retest of $2.50 price level.

On the other hand, if the bearish trend continues, the price of EOS will find support at either $2.31 or $2.23 price levels. Meanwhile, the stochastic is out of the oversold 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 crypto's price was ranging below the EMAs as the bulls failed to break above the EMAs. Today, the bulls have broken the 12-day EMA and the 26-day EMA and reached the bullish trend zone.

If the crypto's price is sustained above the EMAs, the price of EOS will reach the highs of $2.40 and $2.50. Meanwhile, the stochastic has reached the overbought region but above the 80% range. This indicates that the price of EOS is in a strong 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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