Resistance levels: $ 9.0, $9.5, $10.0
Support levels: $8.0, $7.5, $7.0

Yesterday, July 26th, the price of EOS was in a bearish trend. The cryptocurrency fell to the low of $8.17 which is above the previous range-bound levels of $8 and $6.5. Price of EOS is expected to rise at the $8 price level because it is outside the previous rage bound zone. Traders can initiate long trades in anticipation of a bullish trend.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Similarly, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 44 which indicate that price is in a sideways trend zone.

On the 1-hour chart, the price of EOS is in a bearish trend. 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 bearish trend is ongoing.

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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