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

Last week October 8, the price of EOS was in a bearish trend. The digital currency fell from the high of $6 price level. The $6 price level is the resistance level for the price of EOS. In the other words it is the upper price level of the digital currency. The crypto’s price had been repelled thrice at the resistance level. However, EOS fell to the low of $5 but managed to recover to the upside.

Today, the digital currency is fluctuating above the $5 price level. Price of EOS is expected to rise as the digital currency is at the lower price level or the support zone. 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 above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

On the 1-hour chart, the price of EOS is in a bullish trend. The digital currency was ranging above the $5.20 price level before falling again to the low of $5.14 but managed to recover. The price of EOS is above the 12-day EMA and the 26-day EMA which indicates that price is rising.

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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