2018-11-2 09:44 |
Resistance levels: $ 6, $7, $8.
Support levels: $5, $4, $3.
Yesterday, November 1, the price of EOS was in a sideways trend. The crypto's price was fluctuating above the exponential moving averages indicating that price is likely to rise. Today, the digital currency is in a bullish trend and it is expected to rise. However, the digital currency is likely to face resistance at the $5.40 or $6 price level.
The $6 price level is the previous upper level of price range. Traders are to exit their trade at the upper level of price range.The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal.
EOS/USD Short-term Trend: BullishOn the 1-hour chart, the price of EOS is in a bullish trend. The price of EOS is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In the same vein, 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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