Resistance levels: $ 6.0, $6.5, $7.0
Support levels: $5.0, $4.5, $4.0

Yesterday, October 9, the price of EOS was in a bearish trend. Yesterday, the price of EOS reached the high of $5.97 and was resisted. Since on September 21, the $6.0 price level had been a resistance for the digital currency.

As the digital currency was unable to break the $6.0 price level, the price of EOS ranges between the levels of $5.0 and $6.0. Price is likely to reach the low of $5.5. Traders should look out for buy setups at the $5.5 price level  to initiate long trades. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

On the 1-hour chart, the price of EOS is in a bearish trend. Also, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Nevertheless, the Relative Strength Index period 14 is level 41 which indicates that price is in the sideways 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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