Resistance levels: $ 6.0, $7.0, $8.0
Support levels: $4.5, $4.0, $3.0

Yesterday, September 24, the price of EOS was in a bearish trend. On September 21, the cryptocurrency made a bullish movement to the high of $6.18. The digital currency was resisted and for the past five days it had been on a bearish trend. It is likely that price will fall to the previous low of $4.64. If the price falls into the previous range bound zone, it will be ranged bound between the levels of $5.0 and $$4.0.

On the other hand, if the $5.0 price levels hold, the cryptocurrency will fluctuate above the $5.0 price level. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. Nevertheless, the Relative Strength Index period 14 is level 29 which indicate that the market is oversold suggesting bulls to take control of the market.

From the 1-hour chart, the price of EOS is in a bearish trend. The price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

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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