Yesterday, January 3, the price of EOS was in a bearish trend. The crypto's price broke the 12-day EMA, the 26-day EMA to the low of $2.73 and commenced a bullish movement to the EMAs. The crypto's price is attempting to break the 12-day EMA to the bullish trend zone. If the price break above the EMAs, the crypto is likely to rise.

Meanwhile, the MACD line and the signal line are  above the zero line which indicates a buy signal. Meanwhile, the Stochastic is out of the overbought region but above the 20% 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 the bearish trend zone. The crypto’s price fell to the low of $2.73 to commence a range bound movement below the 12-day EMA and the 26-day EMA. However, crypto's price has broken above the 12-day and the 26-day EMA  as price reached the bullish zone . Meanwhile, the MACD line and the signal line are below the zero line which indicates 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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