EOS/USD Medium-term Trend: Bearish

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

Yesterday, November 22, the price of EOS was in a sideways trend. On November 23, the bears broke the sideways trend and resumed their downward trend. The crypto’s price has fallen and it is approaching the low of $3.50. The price of EOS has reached the oversold region of the market suggesting bulls to take control of the market.

Meanwhile, the crypto’s price is still below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, 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. The digital currency has fallen to the low of $3.5 price level after a range bound movement. Presently, the price is still below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. There will be no trade recommendation until the bearish pressure is exhausted.

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 | 2018-11-23 07:17:00
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