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EOS/USD Medium-term Trend: Bullish
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
Yesterday, January 17, the price of EOS was in the bullish trend zone. Yesterday, the bulls broke the 12-day EMA, the 26-day EMA and reached the high of $2.55. But the bears pulled back price. Today, the crypto’s price is above the EMAs which indicates that price is likely to rise. On the upside, if the bulls sustain a price above the EMAs, the crypto’s price reached the high of $3.0 price level.
On the other hand, if the bears break below the EMAs, the crypto will find support at $2.26. Meanwhile, the stochastic is below the 80% range. This indicates that the price of EOS is in a bullish momentum and a buy signal. 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 zone. Yesterday, the price of EOS was in the bullish trend zone as the price reached the high of $2.55. Today, the crypto’s price is retracing from the recent high as the price breaks the 12-day EMA.
Meanwhile, the stochastic is in the oversold region below the 20% range indicating that the crypto 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.
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.