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

Yesterday, January 8, the price of EOS was in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA after the resistance at the $3.0 price level. The EMAs is now a support level for the price of EOS as the crypto’s price makes another attempt at the $3.00 price level. The bulls may likely test the resistance at the $3.0 price level.

If the bulls break the $3.0 price level, the crypto is likely to reach the high of $5.04. Meanwhile, if the bears break below the EMAs, the crypto’s price may likely fall to the low of $2.51. Nevertheless, the stochastic is out of the oversold region but above the 40% range. This indicates thats the price of EOS is in a bullish momentum and a buy signal.

On the 1-hour chart, the price of EOS is in a bearish trend. Yesterday, the crypto's price retraced to the low of $2.82. Today, the crypto's price has made a bullish movement above the 12-day EMA and the 26-day EMA.

The bulls reached the high of $2.89 but it is currently retracing to the 12-day EMA. The stochastic is in the oversold region but below the 80% range indicating that the crypto 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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