Yesterday, January 17, the price of EOS was in the bullish trend zone. Yesterday, the bulls broke the 12-day EMA, the 26-day EMA and reached the high of $2.55. But the bears pulled back price. Today, the crypto’s price is above the EMAs which indicates that price is likely to rise. On the upside, if the bulls sustain a price above the EMAs, the crypto’s price reached the high of $3.0 price level.

On the other hand, if the bears break below the EMAs, the crypto will find support at $2.26. Meanwhile, the stochastic is below the 80% range. This indicates that the price of EOS 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.

On the 1-hour chart, the price of EOS is in a bullish trend zone. Yesterday, the price of EOS was in the bullish trend zone as the price reached the high of $2.55. Today, the crypto’s price is retracing from the recent high as the price breaks the 12-day EMA.

Meanwhile, the stochastic is in the oversold region below the 20% range indicating that the crypto 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.

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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