Yesterday, December 18, the price of EOS was in a bullish trend. The bullish trend of EOS has continued the third day. The price rose from $1.94 and it is approaching the high of $2.72. A bullish trend line is drawn to determine the continuity of the bullish trend. A bullish trend is said to be ongoing when price makes a series of higher highs and higher lows.

A bullish trend is said to be terminated when price breaks the trend line and the following candlestick closed on the opposite of it. The current bullish trend has been terminated.  Meanwhile, the price is EOS is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

On the 1-hour chart, the price of EOS is in a bullish trend. The crypto’s price is trending above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal. The Stochastic is at the 40% range which indicates that EOS has a bearish momentum.

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

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