Resistance levels: $ 8.0, $8.5, $9.0
Support levels: $7.5, $7.0, $6.5

Yesterday, July 19th, price of EOS was in a bearish trend. The cryptocurrency fell to the low of $8.4 and it is making another attempt to reach the previous high of $8.8. The cryptocurrency has fallen into the previous range bound zone of $8.0 and $6.5. If the EOS price breaks the support level of $8.00, it would further depreciate into the range bound zone.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of EOS is above the 12-day EMA and the 26-day EMA which indicates that the cryptocurrency is rising. Nevertheless, the relative strength index period 14 is level 42 which indicate that price is in the range bound trend zone.

On the 1-hour chart, the price of EOS is in a bearish trend. Also, the MACD line and the signal line are below the zero line which is a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of EOS which indicates that the bearish trend is ongoing.

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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