The crypto is in a range bound movement after being repelled at the $3.80 price level. The price of EOS is trading at the $3.68 price level after breaking the previous resistance at $3.0.

Yesterday, February 18, the price of EOS was in a bullish trend. The crypto is in a smooth uptrend. A trend line is drawn showing the support levels where traders can initiate long trades. The price of EOS is making a series of higher highs and higher lows. The bulls have broken the $3.0 resistance level as price makes a higher highs. The bullish trend is ongoing because the trend line is not broken.

A bullish trend is said to be terminated when the trend line is broken and the following candlestick is closed on the opposite of it. The crypto’s price is trading at $3.67 as at the time of writing. 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 crypto is in a smooth bullish trend. The crypto is facing resistance at the $3.85 price level. The price is retracing and has commenced a range bound movement.

However, if the bears break below the 12-day EMA and the 26-day EMA, the crypto will resume its downward trend. Meanwhile, the stochastic is in the overbought region and 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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