Yesterday, January 21, the price of EOS was in the bearish trend zone. Since on January 13, the price of EOS had been ranging between the levels of $2.26 and $2.60. On January 13, the price fell to the low of $2.26 to form the support level. Similarly, on January 19, the bulls reached the high of $2.59 to form the resistance level.

On January 20, the price of EOS fell to the $2.33 price level to commence a range bound movement. The crypto’s price is characterized by small body candlesticks like the Doji and the Spinning tops which described the indecision of buyers and sellers at the $2.33 price level. Meanwhile, the stochastic is out of the oversold region but above the 20% range. This indicates that 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 zone. On January 20, the crypto’s price fell to the low of $2.33  to commence a range bound movement. The 12-day EMA and the 26-day EMA are horizontally flat.

The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Meanwhile, the stochastic is out of the overbought region but above the 20% 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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