Last week, the price of EOS was in the bullish trend zone. The crypto’s price was fluctuating above the $2.45 price level and later it reached the high of $2.53. The price of EOS is now retracing from the recent high. On January 20, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $2.33 price level.

The crypto’s price is now in a range bound movement. As the crypto’s price is below the EMAs, the price of EOS is likely to depreciate further. Meanwhile, the stochastic is in the oversold region but above the 20% 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 bearish trend zone. Yesterday, the bears also broke the 12-EMA, the 26-day EMA and price fell to the $2.33 price level. The crypto‘s price is now in a bullish movement. The bulls were being resisted by the 12-day EMA and price is falling.

Meanwhile, the stochastic is out of the overbought region but below the 40% 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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