EOS/USD Medium-term Trend: Bearish
Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.
Yesterday, November 28, the price of EOS was in a bullish trend. The digital currency broke the 12-day EMA but was resisted at the 26-day EMA while in a bullish trend. The crypto’s price is heading to the previous low of $2.96. Meanwhile, traders should remember to exit their long trades as against the bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating is likely to fall. 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. Yesterday, the digital currency was making a series of higher highs and higher lows. Today, the price is in a downward trend approaching the previous lows of the currency. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Today, the price of EOS is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.
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