EOS Daily Price Forecast – October 1 $EOS

EOS/USD Medium-term Trend: Ranging

Resistance levels: $ 6.0, $6.5, $7.0
Support levels: $5.0, $4.5, $4.0

Last week the price of EOS was in a sideways trend.The price of the digital currency fell to the low of $5.39 and fluctuates between the levels $5.39 and $5.75. Price of EOS is likely to face resistance at the price of $6.0. There will be no trade recommendation until the digital currency is in a trending position.

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 neither above nor below the 12-day EMA and the 26-day EMA which indicates that the price is in the sideways trend zone. Nevertheless, the Relative Strength Index period 14 is level 50 which indicates that the price is in the sideways trend zone.

EOS/USD Short-term Trend: Ranging

On the 1-hour chart, the price of EOS is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of EOS is neither below nor above the 12-day EMA and the 26-day EMA which indicates that the price is falling.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.