EOS/USD Medium-term Trend: Bullish

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

Yesterday, January 14, the price of EOS was in the bullish trend zone. The price of EOS fell to its low at $2.26 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. The bulls broke the EMAs and reached the high of $2.51. The crypto’s price is now ranging above the $2.51 price level.

The price of EOS is likely to rise since it is above the EMAs. Meanwhile, the stochastic is in the overbought region below the 80% range. This indicates that the price of EOS is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

On the 1-hour chart, the price of EOS is in a bullish trend. The bulls broke the 12-day EMA and the 26-day EMA and reached the high of $2.52. The crypto’s price is now ranging above  the EMAs. The price of EOS is expected to rise as the crypto is above the EMAs.

Meanwhile, the stochastic is in the oversold region but above the 20% range indicating that the crypto is in a strong bullish momentum and a buy signal. Also, the MACD line and the signal line are above the zero line which indicates a buy 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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