EOS/USD Medium-term Trend: Bearish
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
Yesterday, January 15, the price of EOS was in the bearish trend zone. The bulls had taken price to the high of $2.51 but were resisted at the price of $2.50. The bears have broken below the 12-day EMA and the 26-day EMA. The crypto’s price is now ranging below the EMAs in the bearish trends zone. The crypto’s price is likely to fall since it is below the EMAs.
The price of EOS will revisit the previous low of $2.26. Meanwhile, the stochastic is out of the overbought region but above the 20% range. This indicates that the price of EOS is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bearish trend. The crypto’s price fell the low of $2.39 and commenced a bullish movement. The bulls broke the EMAs and reached the high of $2.45. The crypto’s price is retracing from the recent high.
Meanwhile, the stochastic is out of the oversold region but below the 80% range indicating that the crypto is in a bearish momentum and a sell signal. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.
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