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

Yesterday, October 3, the price of EOS was in a bearish trend. The digital currency fell to the low of $5.49 and commenced a bullish movement. The price of EOS is currently ranging between the levels of $5.5 and $6.0. It is always imperative to initiate long trades at the low of a price in a ranging market so as to earn partial profits when  price reaches the upper level of the price range.

The digital currency will face resistance at the price of $6.0. 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 above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 53 which indicates that  price is in the sideways trend zone.

On the 1-hour chart, the price of EOS is in a bullish 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 a bullish 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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