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EOS/USD Long-term Trend: Bearish
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
The EOS/USD pair is in a bearish trend zone. The crypto commenced trading with an opening balance of $2.62 in the month of January 2019. The price of EOS reached the high of $3.0 while in a range bound movement. The cryptoās price was resisted at the $3.0 price level.
On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $2.45. The cryptoās price is now range-bound below the EMAs. Today, the price of EOS is trading at $2.46 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The cryptoās price is below the 12-day EMA and the 26-day EMA which indicates price is the bearish trend zone.
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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