2018-11-27 10:50 |
Resistance levels: $ 6, $7, $8.
Support levels: $4, $3, $2.
Yesterday, November 26, the price of EOS was in a bearish trend. On November 26, the crypto's price tested the 12-day EMA and was resisted. The digital currency is now in a downward trend approaching the price of $3.16. The price of EOS is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall.
Also, the MACD line and the signal line are below the zero line which indicates a sell signal. The digital currency has reached the oversold region of the market suggesting bulls to take control of the market. Traders are to look out for buy setups in order to initiate long trades.
EOS/USD Short-term Trend: BearishOn the 1-hour chart, the price of EOS is in a bearish trend. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price will fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. The support levels would be breached if price continued its downward trend.
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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