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EOS/USD Medium-term Trend: Bearish
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
Yesterday, January 10, the price of EOS was in the bearish trend zone. The crypto had broken below the 12-day EMA and the 26-day EMA to the low of $2.46 price level. The price of EOS is now ranging above the $2.46 price level. The crypto is likely to fall because the price is below the 12-day EMA and the 26-day EMA.
Also, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the stochastic is in the oversold region but above the 20% range. This indicates that the price of EOS is in a bullish momentum and a buy signal.
EOS/USD Short-term Trend: Bearish
On the 1-hour chart, the price of EOS is in a bearish trend. Yesterday, the bears broke below the 12-day EMA and the 26-day EMA to the low of $2.43 price level. The crypto is now in a range bound movement above the $2.43 price level.
Meanwhile, the stochastic is out of the overbought region but above the 40% range indicating that the crypto is in a bullish momentum and a buy signal. 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.
Disclaimer
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.