Resistance levels: $ 5.0, $5.5, $6.0

Support levels: $4.0, $3.5, $3.0

Yesterday, August 16th, the price of EOS was in a sideways trend. The market was quiet for the price of EOS as there was no significant price movement. Today, the price of EOS is in a bullish trend and price is approaching the high of $4.80. The price of EOS is likely to face resistance at the price of $ 5.0.

As the market was oversold the price now fluctuates between the levels of $5.0 and $4.0.Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of EOS is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend. Nevertheless, the Relative Strength Index period 14 is level 51 which indicate that price is in the sideways trend zone

From the 1-hour chart, the price of EOS is in a bullish trend. Price of EOS is making a series of higher highs and higher lows. Also, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that a bullish 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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