EOS/USD Medium-term Trend: Ranging
Resistance levels: $ 6.0, $6.5, $7.0
Support levels: $5.0, $4.5, $4.0
Yesterday, September 27, the price of EOS was in a bullish trend.The price of EOS is making a systematic bullish movement. On September 25, the digital currency made a bullish movement to the high of $5.39 and retraced to resume another movement. This same scenario was repeated on a daily basis up till the 27th of September, 2018. Today, the price of EOS is trading at $5.81 as at the time of writing.
Price is expected to face resistance at the $6.0 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that price is rising. Nevertheless, the Relative Strength Index period 14 is level 58 which indicates that the price is in the sideways trend zone.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that the price is rising.
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