EOS/USD Medium-term Trend: Bearish

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

Yesterday, January 9, the price of EOS was in the bullish trend zone. At the support of 12-day EMA and the 26-day EMA, the crypto’s price is making a series of higher highs and higher lows. The price of EOS is approaching the high of $2.98 but the crypto may face resistance at the $3.0 price level.

Meanwhile, the stochastic is approaching the overbought region but below the 80% range. This indicates that the price of EOS 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.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bullish trend. Yesterday, the crypto’s price had a price rally as the cryptocurrency reached the high of $3.0 price level. The crypto tests the resistance level and made a pullback to the low of $2.75.

The crypto is now ranging at the price of $2.98 and possibly fall to the bearish trend zone. Meanwhile, the stochastic is approaching the overbought region but below the 60% range indicating that the crypto is in a bearish momentum and a sell 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.

Original Article

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