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EOS/USD Medium-term Trend: Bullish

Resistance levels: $ 5.0, $5.5, $6. 0
Support levels: $4.5, $4.0, $3.5

Last week the price of EOS was in a bullish trend. The cryptocurrency broke the $5.00 price level which is now a support level. This implies that the digital currency is out of the previous range bound zone. Today, the price of EOS is ranging above the price of $5.40. Price is likely to fluctuate pending when the price at $5.5 is broken.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that the price is in a bullish trend. Nevertheless, the Relative Strength Index period 14 is level 55 which indicates that the price is in the sideways trend zone.

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS is in a bullish trend. On the chart, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that the price is in the bullish trend. The MACD line and the signal line are above the zero line which indicates 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.

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