2018-9-24 22:24 |
EOS/USD Medium-term Trend: Ranging
Resistance levels: $ 6.0, $7.0, $8.0
Support levels: $5.0, $4.0, $3.0
Last week the price of EOS was also ranged bound when price fell to the low of $4.72. Thereafter, the price made a bullish movement to the high of $5.02. It was at that price level that the digital currency was fluctuating above the $5.0 price level up till September 20.
However, the bulls took price to the high of $6.28. Price was resisted at that price level and there was a downward trend. The price is approaching the low of $5.78. Nevertheless, if it falls and breaks the $5.0 price level. The digital currency will fall into the previous range bound zone.
Nevertheless, 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 price is in a bearish trend. Nevertheless, the Relative Strength Index period 14 is level 50 which indicate that price is in the sideways trend zone.
EOS/USD Short-term Trend: BearishFrom the 1-hour chart, the price of EOS is in a bearish trend. The price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend.
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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