Last week, the price of EOS was in a bullish trend. On February 14, the bears broke the 12-day EMA and the 26-day EMA as the price fell to the low of $2.78. The following day the bulls took control of price and broke above the EMAs, the crypto's price is now in the bullish trend zone. Today, the crypto's price is trading and it is approaching  the $2.96 price level. The price of EOS may face resistance at the $3.0 price level.

The $3.0 resistance level had not been broken since December 24, 2018. On the upside, if more buyers come in at the $3.0 price level, the bulls will break the resistance level. If the bulls do break the resistance level, the price is expected to reach the levels of $3.50 and $4.0. Meanwhile, the stochastic is out of the oversold region but above the 60% range. This indicates that the price of EOS is in a bullish momentum and a buy signal. The price of EOS is above the EMAs which indicate that price is in the bullish trend zone.

On the 1-hour chart, the price of EOS is in a bullish trend. The crypto’s price had been fluctuating below and above the 12-day EMA and the 26-day EMA. On February 17, the crypto's price was below the EMAs as the bulls break the EMAs to the bullish trend zone. the crypto's price is trading at $2.98 as at the time of writing. Meanwhile, the stochastic is in the overbought region and above the 80 % range. This indicates that price is in a strong momentum and a buy 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.

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