EOS/USD Long-term Trend: Bearish

Resistance Levels: $5.5, $6.0, $6.5
Support levels: $ 4.5, $ 4.0, $3.5

The price of EOS was in a bearish trend in the month of August 2018 with an opening balance of $ 7.21. While in a bearish trend, the cryptocurrency was ranging between the levels of $7.21 and $6.99. Meanwhile, in the last bearish breakout, the price of EOS fell to the low of $5.65. It is likely the price of EOS will further depreciate to the previous support level at $5.0.

However, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price  of EOS is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is continuing. Nevertheless, the Relative Strength Index period 14 is level 44 which indicates that the price of EOS is in the sideways 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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