Yesterday, January 23, the price of EOS was in the bullish trend zone. The crypto’s price has been sustained in the last three days above the EMAs. At the bullish trend zone, the crypto’s price is facing resistance at the $2.55 price level. On the upside, if the bulls break the initial resistance at the $2.55, the crypto will reach the previous high of $3.0 price level.

On the other hand, if the bears break below the 12-day EMA and the 26-day EMA, the crypto will find support  at the $2.33 price level. Meanwhile, the stochastic is out of the overbought region but below 80% range. This indicates that the price of EOS is in a bearish momentum and a sell signal.

On the 1-hour chart, the price of EOS is in a bearish trend zone. The crypto’s price is fluctuating below the 12-day EMA and the 26-day EMA. The crypto’s price is likely to fall because it is below the 12-day EMA and 26-day EMA. The MACD line and the signal line are below the zero line which is 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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