Resistance levels: $ 5.0, $5.5, $6.0
Support levels: $4.0, $3.5, $3.0

Yesterday, August 13th, the price of EOS was in a sideways trend. While in the sideways trend the cryptocurrency rose to the high of $5.13 but pulled back to the low of $4.6. Today, the cryptocurrency went down again to the low of $4.36 but the price is likely to fall to the support level of $4.0.

From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Nevertheless, the Relative Strength Index period 14 is level 24 which indicate that the market is oversold suggesting bulls to take control of the market.

From the 1-hour chart, the price of EOS is in a bearish trend. The cryptocurrency fell to the low of $4.26 and made a retracement to the high of $ 4.38.From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that the price of EOS is falling.

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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