Yesterday, January 16, the price of EOS was in the sideways trend zone. The 12-day EMA and the 26-day EMA were trending horizontally. The crypto’s price is neither below nor above the 12-day EMA and the 26-day EMA indicating that price is in a sideways trend. Today, the crypto’s price is falling below the 12-day EMA and the 26-day EMA indicating that price is likely to fall.

If the bearish trend continues the crypto will revisit the previous low of $2.26
Meanwhile, the stochastic is below the 60% range. This indicates that the price of EOS is in a bearish momentum and a sell signal. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

On the 1-hour chart, the price of EOS is in a bearish trend zone. Yesterday, the price of EOS was in the bullish trend zone as the price reached the high of $2.47. Today, all the bullish gains were erased as the bears broke the 12-day EMA and the 26-day EMA to the low of $2.44.

Meanwhile, the stochastic is out of the overbought region but above the 25% range indicating that the crypto is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are above the zero line which indicates 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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