2018-10-3 10:29 |
Resistance levels: $ 6.0, $6.5, $7.0
Support levels: $5.0, $4.5, $4.0
Yesterday, October 2, the price of EOS was in a bearish trend. While in the bearish trend, the digital currency broke the lower level of price range of the previous zone of $5.5-$6.0. Price is now falling and approaching the price at $5.4. Price is expected to fall to reach the low of either $5.2 or $5.0. However, if price breaks the $5.0 price level, the digital currency will fall into support zone of the price range.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 40 which indicates that price is in the sideways trend zone.
EOS/USD Short-term Trend: BearishOn the 1-hour chart, the price of EOS is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.
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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