2018-11-28 10:21 |
Resistance levels: $ 6, $7, $8.
Support levels: $4, $3, $2.
Yesterday, November 27, the price of EOS was in a bullish trend. On November 27, the crypto's price fell to its all-time low of $2.96, and it commenced a bullish movement. The digital currency is making a bullish movement to the 12-day EMA.
If price breaks the 12-day EMA, the 26-day EMA and remains above it, the digital currency will be out of the bearish trend zone. Meanwhile, the price of EOS is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, 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 crypto's price has broken the 12-day EMA and the 26-day EMA indicating that price is rising. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, if the bears' pullback. the crypto's price may fall again within the bearish zone. Price may likely revisit the previous low.
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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