EOS/USD Medium-term Trend: Bearish

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

Yesterday, November 29, the price of EOS was in a bearish trend. The crypto’s price broke the 12-day EMA and fell in a downward trend. The price has fallen and it is approaching the low of $2.94. The crypto’s price is likely to fall as it is within the bearish trend zone.

Meanwhile, the price is EOS is below the 12-day EMA and the 26-day EMA indicating that price 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: Ranging

On the 1-hour chart, the price of EOS is in a bearish trend. On November 29, a bearish candlestick broke the EMAs and fell to the low of $2.96. However, on two occasions, the crypto’s price has failed to break the 12-day EMA and the 26-day EMA. Meanwhile, the price of EOS is 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.

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 | 2018-11-30 05:45:00
Image credit: source

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