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EOS/USD Long-term Trend: Bearish
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
The EOS/USD pair was in a bullish trend in the last week of December. The price of EOS has an opening balance of $2.89 in the month of December and a closing price of $2.73 as at the time of writing. This will result in a loss of 5.53% of its capitalization. From the weekly chart, the crypto’s price is in the bearish trend zone.
Meanwhile, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the stochastic indicator is in the oversold region but above the 20% range indicating that the price of EOS is in a strong bullish momentum and a buy 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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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.