- The price of EOS is trading at $3.65 and it is expected at the $4.0 price level.
- The price of EOS is above the EMAs which indicate that price is likely to rise.
EOS/USD Medium-term Trend: Ranging
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
Yesterday, February 27, the price of EOS was in a sideways trend . The bulls failed to break above the EMAs as the crypto’s price was repelled. Today, the bulls have broken the 12-day EMA but was repelled by the 26-day EMA as the price continue its sideways trend.The crypto’s price is expected to rise and reach the previous high with little resistance.
The price of EOS is trading at $3.65 and it is expected at the $4.0 price level.On the downside, if the bulls fail to break the EMAs, the crypto’s price will continue its range bound movement. Meanwhile, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. Also, the stochastic is out of the oversold region but above the 40% range. This indicates that the price of EOS is in a bullish momentum and a buy signal.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bullish trend. On September 27, the bulls broke the 12-day EMA, the 26-day EMA as the crypto reached the bullish trend zone. Today, the crypto’s price reached a high of $3.67 but the bears pulled back price to the $3.63 price level.
The price of EOS is above the EMAs which indicate that price is likely to rise. The crypto’s price is likely to reach a high of $4.0 price level. Meanwhile, the stochastic is in the overbought region but below the 80 % range. This indicates that price 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.