Resistance levels: $ 7.0, $7.5, $8.0
Support levels: $6.0, $5.5, $4.50

Last week the price of EOS was in a bullish trend. The cryptocurrency had broken its upper level of price range and now is in a bullish trend. Today, the price of EOS is expected to rise.On September 1, the cryptocurrency reached the high of $6.81 and retraced to the low of $6.31. The price of EOS is making another bullish movement from its low as the exponential moving averages head northwards.

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 the bullish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 57 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 price is still below the 12-day EMA and the 26-day EMA which indicate that price is rising. Also, 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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