Yesterday, December 11, the price of EOS was in a sideways trend. The crypto's price fluctuates between the levels of $1.70 and $2.10. On December 7, the crypto’s price fell to the low of $1.71 and commenced a bullish movement to the high of $2.17. At the $2.10 price level, the crypto was resisted and it fell to the $1.82 price level .

The price of EOS is now in a bullish trend. If the crypto breaks the EMAs and remains in the bullish trend, the crypto’s price may rise. On the other hand, if the price is EOS was resisted it might test or find support at the $1.71 price level. Meanwhile, the price is EOS is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a sell signal.

On the 1-hour chart, the price of EOS is in a bearish trend. The cryptocurrency is trading below the 12-day EMA and the 26-day EMA. On December 11, the crypto’s price fell to the low of $1.82 and continued to fluctuate above that price level.

The 12-day EMA is acting as a resistance to the price bars. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is the bearish 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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