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

Yesterday, September 26, the price of EOS was in a bullish trend. On September 17, the price of EOS fluctuates between the levels of $5.0 and $6.0. The digital currency is approaching the $6.0 price level but may face resistance at that level. If the price is resisted at the $6.0 price level, traders should initiate short trades at the resistance level.

Meanwhile, the price of EOS is trading at $5.59 as at the time of writing. The MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that  price is rising. Nevertheless, the Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

On the 1-hour chart, the price of EOS is in a sideways trend. The digital currency reached the high of $5.66 and commenced a range bound movement. 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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