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.

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 | 2018-11-29 06:06:00
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