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

Last week the price of EOS was in a bullish trend. The digital currency had a price rally which reached the high of $6.10 but pulled back to the low of $5.59. The crypto’s price further depreciated to the low of $5.32 and it commenced a bullish movement. The EOS price is likely to reach the $6 price level which is the upper price level. The digital currency will face resistance at the $6 price level.

The crypto's price fluctuates between the levels of $5 and $6 in the range bound zone. Nevertheless, 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 rising.

On the 1-hour chart, the price of EOS is in a sideways trend. The crypto’s price is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is rising. In the same vein, the MACD line and the signal line are above the zero line which indicates a buy signal.

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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