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

Yesterday, October 30, the price of EOS was in a bearish trend. The digital currency fell to the low of $5.14 and commenced a range bound movement. The price of EOS is in a bearish trend and the crypto’s price is likely to fall again to the lower price range. The $5 price level is the lower price range while $6 is the upper price range. If the price falls and breaks the lower price range, EOS is likely to find support at $4.70.

Meanwhile, traders should look out for buy setups if the digital currency does fall. Nevertheless, 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 price is in the bearish trend zone.

On the 1-hour chart, the price of EOS is in a sideways trend. The crypto’s price is fluctuating above the $5.14 price level. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend. In the same vein, the MACD line and the signal line are below the zero line which indicates a sell 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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