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EOS/USD Medium-term Trend: Bullish
Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.
Last week price of EOS was in a bullish trend. The cryptocurrency was also in a bullish trend as the price reached the high of $3.11. The crypto’s price is retracing from the high of $3.11. However, if the bulls sustain hold above the $3 price level and the crypto’s price remains above the EMAs, the crypto is likely to reach the $5 price level. Meanwhile, the price is EOS is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bullish trend. The crypto’s price reached the high of $3.11 and commenced a range bound movement. The crypto’s price is fluctuating above the $3.00 price level. The Stochastic indicator is in the overbought region below the 80% range which indicates that the price of EOS is in a bearish momentum and a sell signal. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.
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The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.