EOS Daily Price Forecast – February 12

EOS/USD Medium-term Trend: Bullish

  • Resistance levels: $ 6, $7, $8.
  • Support levels: $3, $2, $1.

Yesterday, February 11, the price of EOS was in a bullish trend. On February 8, the crypto’s price reached a high of $2.7792 price level. On February, 10, the bulls continued its movement and reached another high of $2.8907. But the bears' resisted price as it fell to the support of the 12-day EMA.

The crypto’s price is now ranging on the support of the 12-day EMA. On the upside, if the bulls sustained the price above the EMAs, the crypto is likely to reach the $3.0 price level. Meanwhile, the stochastic is out of the overbought region but above the 40% range. This indicates that the price of EOS is in a bullish momentum and a buy signal. The price of EOS is above the EMAs which indicate that price is in the bullish trend zone.

EOS/USD Short-term Trend: Ranging

On the 1-hour chart, the price of EOS is in a bullish trend. The 12-day EMA and the 26-day EMA are trending horizontally. The crypto’s price fluctuates below and above the EMAs. Today, the bulls break the EMAs to reach the bullish trend zone. The price of EOS is likely to rise as the crypto is in the bullish trend zone. The price of EOS  is trading at $2.82 as at the time of writing.

The stochastic indicator is in the overbought region but above the 80% range. This indicates that the price of EOS is in the 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.

Publication date: 
02/12/2019 - 09:33
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