2018-12-8 08:01 |
EOS/USD Long-term Trend: Bearish
Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.
The EOS/USD pair is currently in a bearish trend. The cryptocurrency had been range bound between the months of August and October 2018. On November 14, while in a sideways trend, the bears broke the 12-day EMA and the 26-day EMA which resulted in the crypto to fall in a downtrend. The price of EOS had been in a smooth downtrend as the price had a free fall without a resistance.
The bulls have never made a pullback since the beginning of the downtrend.Nevertheless, 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 Stochastic indicator has fallen below the 20% price range. This implies that the price of EOS is in a strong 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.
origin »EOS (EOS) на Currencies.ru
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