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

Yesterday, October 4, the price of EOS was in a bullish trend. The digital currency had been in a bullish trend all through yesterday and price reached the high of $ 5.84. The price of EOS was resisted close to the upper level of price range. Today, the cryptocurrency is in a downward trend and price is approaching the lower level of price range which is $5.5 price level. If you have initiated a short trade at the $6.0 price level, it should be exited as soon as price reverses at the $5.5 price level.

Meanwhile, price will continue to fluctuate between the levels of $5.5 and $6.0. 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 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 bearish trend. The MACD line and the signal line are above the zero line which indicates a buy 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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