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

Last week, the price of EOS was in a bullish trend. The crypto's price reached the high of $5.60 and was resisted. Since October 15, the digital currency had not been able to break the $5.60 price level. However, the price of EOS is now on a downward trend.

However, if the price of EOS breaks the exponential moving averages, price is likely to fall. The price of EOS 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 above the zero line which indicates a buy signal

On the 1-hour chart, the price of EOS is in a bullish trend. The crypto's price is now fluctuating above the $5.40 price level. If price falls below the $5.40 price level, the crypto will be in the bearish trend zone. The price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend. 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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