2018-12-1 10:38 |
EOS/USD Long-term Trend: Bearish
Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.
The EOS/USD pair was in a bearish trend in the month of November. On November 1, the price of EOS had an opening balance of $5.26 but on November 30, the price fell to the low $2.89. In other words, EOS has lost 45% of its capitalization. On November 14, the price of EOS was below the 12-day EMA and the 26-day EMA which resulted in a downward trend of the digital currency.
The crypto's price was resisted by the 12-day EMA and it fell to its previous low at $2.87. Nevertheless, we will look out for buy setups as soon as the bearish pressure is over. In addition, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. 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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