EOS/USD Medium-term Trend: Bearish

Resistance levels: $ 6, $7, $8.
Support levels: $4, $3, $2.

Yesterday, November 19, the price of EOS was in a sideways trend. Yesterday, the 12-day EMA resisted the bearish candlestick and price fell to the low of $4.17. The digital currency is now fluctuating above the $4 price level.

Price of EOS is likely to fall as the price is below the 12-day EMA and the 26-day EMA. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish trend. Today, a bullish candlestick was resisted by the 26-day EMA. The crypto’s price now breaks the 12-day EMA to the downside. The price of EOS is now below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. In addition, the MACD line and the signal line are below the zero line which indicates 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.

(Excerpt) Read more Here | 2018-11-20 08:04:49
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