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 digital currency had been trending horizontally. On October 1, the price of EOS was fluctuating between the levels of $5.48 and $ 5.72. As price fluctuates the support and the resistance levels are not evenly a part which makes trading difficult.

However, if the price of EOS reaches the high of $6.0 it will face resistance at that level. Nevertheless, the price of EOS is likely to fluctuate above the $5.0 price level. 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 above the 12-day EMA and the 26-day EMA which indicates that price is rising.

On the 1-hour chart, the price of EOS is in a sideways trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that price is rising. Nevertheless, the Relative Strength Index period 14 is level 74 which indicates that the 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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