Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.

Last week the price of EOS was in the bullish trend zone. On December 28, the crypto’s price reached the high of $2.75 and commenced a range bound movement above the EMAs. Presently, the crypto’s price is fluctuating above the $2.6 price level. If the price of EOS breaks below the $2.6 price level, the crypto will find support at the $2.4 price level.

On the other hand, if the bulls break above the $2.6 price level, the crypto will reach the high of $3.10 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

On the 1-hour chart, the price of EOS was in a sideways trend. The crypto’s price fluctuates above and below the 12-day EMA and the 26-day EMA. The crypto’s price was characterized with small body candlesticks which described the indecision of buyers and sellers at the $2.70 price level.

Today, the price of EOS has broken the 12-day EMA and the 26-day EMA to the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

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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