2018-8-18 07:39 |
EOS/USD Long-term Trend: Bearish
Supply Zone: $6.0, $6.5, $7.0
Demand Zone: $5.0. $4.5, $4.0
The price of EOS was in a bearish trend in the month of August. The cryptocurrency began the new month at a price of $ 7.21. However, in the bearish trend, the bears took price to the low of $4.31 which is about 40% price decrease. At that point price of EOS began its bullish trend. Nevertheless, the price of EOS is currently trading at $5.49 as at the time of writing.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line. In addition, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 41 which indicates that price is in the sideways trend zone.
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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