EOS/USD Long-term Trend: Bearish

Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.

The price of EOS was in a bearish trend in the last three weeks of November 2018. On November 1, price of EOS had an opening balance of $5.26 . The crypto was on a range bound movement before the outcome of the bearish breakout. On November 14, the crypto's price was resisted by a 12-day EMA and price fell  to the low of $3.68 as at the time of writing.

The crypto's price has reached the oversold region of the market suggesting bulls to take control of the market. There will be no trade recommendation as the bearish trend has not subsided. The price is likely to reach a low of $3.50. Nevertheless, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal

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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