2018-12-22 05:45 |
EOS/USD Long-term Trend: Bullish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1.
The EOS/USD pair is now in a bullish trend as the price reached the high of $ 2.89. Thereafter the crypto made a retracement as price approaches the low of $2.65. In the lower time frame, the crypto's price broke the 12-day EMA and the 26-day EMA to be in the bullish trend zone. From the weekly chart, the stochastic is in the overbought region below the 80% range.
This indicates that EOS is in a bullish momentum and a buy signal. Meanwhile, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.
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