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

Yesterday, October 1, the price of EOS was in a sideways trend. Since September 26, the price of EOS had been fluctuating between the levels of $5.5 and $6.0. In the last two days, the digital currency had been ranging horizontally along with the moving averages. The price action of the digital currency had been very choppy.

There will be no trade recommendation as the market is horizontally flat. 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 neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 51 which indicates that the price is in the sideways trend zone.

On the 1-hour chart, the price of EOS is in a sideways trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Also, 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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