Resistance levels: $ 6.0, $6.5, $7. 0
Support levels: $5.0, $4.5, $4.0

Yesterday, September 6, the price of EOS was in a bearish trend. The cryptocurrency fell to the low of $4.8 and commenced a range bound movement. The price fell to its previous range bound zone and pullback above the upper level of the price range. The price is expected to reach the previous high of $6.55. On the other, if the bearish pressure is continuing, the price is likely to revisit the previous low of $4.0.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that the price is in the bearish trend. Nevertheless, the Relative Strength Index period 14 is level 32 which indicates that the market is oversold suggesting bulls to take control of the market.

On the 1-hour chart, the price of EOS is in a sideways trend. The price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. Also, the MACD line and the signal line are below the zero line which indicates 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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