Yesterday, January 1, the price of EOS was in a bullish trend zone. Yesterday, the crypto‘s price reached the high of $2.73 but the price was retracting because of the resistance at the $2.8 price level. Since on December 28, the price of EOS was range bound between the levels of $2.6 and $2.8 .

If the crypto’s price breaks below the $2.60 price level, the crypto will find support at $2.40 price level. On the upside, if the crypto’s price breaks above the $2.80 price level, the price of EOS will reach the high of $3.10 price level. Meanwhile, the stochastic is approaching the 80% range which indicates that EOS is in a bullish momentum and a buy signal.

On the 1-hour chart, the price of EOS was in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Yesterday, the crypto’s price was below the bearish trend zone, trading at the price of $2.59. But the bulls took price to the high of $2.72 price level.

The crypto’s price is retracing after testing the resistance zone. Meanwhile, the stochastic indicator tested the overbought region but is above the 20% range which indicates that EOS is in a bearish momentum and a sell 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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