Yesterday, the price of EOS was in the bearish trend zone. The price of EOS has fallen to the previous low. On January 28, the crypto’s price fell to the low of $2.33 . While on January 29, the crypto’s price fell to the low of $2.22. Any time, the crypto’s price fell to these levels; traders should initiate long trades in anticipation of a bullish trend.

The bulls broke the 12-day EMA while in a bullish trend. However, that bullish movement was resisted by the 26-day EMA. Meanwhile, the stochastic is out of the oversold region but above the 40% range. This indicates that the price of EOS is in a bullish momentum and a buy signal. The crypto’s price is below EMAs which indicates that price is in the bearish trend zone.

On the 1-hour chart, the price of EOS is in a bullish trend zone. On January 28, the crypto’s price reached the low of $2.22 and commenced a bullish movement to the EMAs but was resisted by the 26-day EMA. On January 29, at the low of $2.23, the bulls broke the EMAs and price was sustained above the EMAs.

The price of the EOS is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which is 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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