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EOS/USD Medium-term Trend: Ranging
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
Yesterday, January 24, the price of EOS was in the bullish trend zone. The bulls have sustained a price above the 12-day EMA and the 26-day EMA in the last four days. Meanwhile, the 12-day EMA and the 26-day EMA provides support for the bullish trend. The price of EOS is facing resistance above the $2.50 price level.
If the bulls break the resistance at the $2.55, the crypto will reach the previous high of $3.0. On the other hand, if the bears break below the 12-day EMA and the 26-day EMA, the crypto will find support at the $2.33 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
EOS/USD Short-term Trend: Ranging
On the 1-hour chart, the price of EOS is in a bullish trend zone. Yesterday, the crypto’s price was retracing from the bullish trend zone and it fell to the low of $2.44. Also, the bulls broke the 12-day EMA and the 26-day EMA to the high of $2.49. The crypto’s price is fluctuating above the EMAs.The MACD line and the signal line are above the zero line which is 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.