Yesterday, February 12, the price of EOS was in a bullish trend. The crypto had been in the bullish trend zone for the past six days. Yesterday, the small body candlesticks were trending above the 12-day EMA which resulted in the bullish trend that reached a high of $ 3.01. As earlier suggested the crypto has reached the $3.0 price level.

The bulls have not been able to break the $3.0 price level since January 2, 2019. On the upside, if the bulls break the $3.0 price level, the crypto will reach the highs of $3.5 and $5.0. Meanwhile, the stochastic is in the overbought region but above the 80% range. This indicates that the price of EOS is in a strong bullish momentum and a buy signal. The price of EOS is above the EMAs which indicate that price is in the bullish trend zone.

On the 1-hour chart, the price of EOS is in a bullish trend. The 12-day EMA and the 26-day EMA are trending northward. Yesterday, the bulls reached a high of $3.06 but closed at $3.01 price level. Today, the bulls are retesting the $3.0 resistance level.

If the bulls break the resistance level, the crypto will reach the previous highs. If the crypto’s price is resisted, it will commence a range bound movement. Meanwhile, the stochastic is at the overbought region but below the 80 % range. This indicates that price is in a bearish momentum and 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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