Resistance levels: $ 6, $7, $8.
Support levels: $5, $4, $3.

Yesterday, November 12, the price of EOS was in a bullish trend. The crypto's price reached the high of $5.51 and pulled back to the $5.40 price level. Yesterday, it was fluctuating above the $5.40 price level. Today, the digital currency is still above the $5.40 price level.

Meanwhile, the crypto's price is fluctuating below and above the exponential moving averages (EMAs) indicating that price is in a sideways trend. However, if the crypto's price is below the exponential moving average, the digital currency is likely to fall and vice versa. Nevertheless, the MACD line and the signal line are below the zero line which indicates a buy signal.

On the 1-hour chart, the price of EOS is in a bearish trend. Price was ranging above the $5.40 price level before its eventual fall. The MACD line and the signal line are above the zero line which indicates a buy signal. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

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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