Yesterday February 4, the price of EOS was in a bullish trend. The crypto’s price consists of small body candlesticks at the support of the 12-day EMA. The candlesticks like Doji and Spinning tops described the indecision of buyers and sellers at the $2.40 price level.

The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. However, the crypto may face resistance at the $2.60 price level. On the downside, if the crypto’s price falls and breaks the EMAs, the crypto is likely to find support at the $2.23 price level. Meanwhile, the stochastic is out of the overbought region but above the 40% range. This indicates that the price of EOS is in a bearish momentum and a sell signal.

On the 1-hour chart, the price of EOS is in a sideways trend zone. The 12-day EMA and the 26-day EMA are horizontally flat. The crypto’s price is fluctuating below and above the EMAs. The crypto’s price is ranging at a price of $2.41 price level.

Meanwhile, the stochastic is out of the overbought region but above the 20% range.This indicates that the price of EOS is in a bullish momentum and a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

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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