EOS Daily Price Forecast – February 15

EOS/USD Medium-term Trend: Bullish

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

Yesterday, February 14, the price of EOS was in a bearish trend. The crypto’s price had earlier been in the bullish trend for days before being resisted. The price of EOS faced resistance at the $3.0 price level. On February 14, the bears broke below the EMAs as the price fell to the low of $2.78.

The price of EOS is below the EMAs as the bulls make attempt to break above the EMAs. Meanwhile, the stochastic is in the oversold region as the bands are protruding above the 20% 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: Bullish

On the 1-hour chart, the price of EOS is in a bullish trend. The crypto’s price has been in the bearish trend zone in the last three days. Today, the bulls have broken above the 12-day EMA and the 26-day EMA as the price reached a high of $2.85.

The price of EOS is above the EMAs and the crypto is likely to rise but may face resistance at the $3.0 price level. Meanwhile, the stochastic is in the overbought region and above the 80 % range. This indicates that price is in a strong 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: 
02/15/2019 - 09:06
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