Yesterday, December 25, the price of EOS was in a bearish trend. On December 25, the crypto’s price broke the 12-day EMA ,the 26-day EMA and fell to the low of $2.59. The crypto’s price made a bullish movement to the EMAs but was resisted by the 12-day EMA.

The crypto’s price was resisted at the $2.8 resistance zone. If the bulls break this level, the crypto will reach the high of $3.0 price level. On the other hand, if the price is being resisted, the crypto’s price will fall to the previous low of $2.40 or $2.60 price level. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

On the 1-hour chart, the price of EOS is in a bearish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA but was resisted at the $2.8 price level. The price is retracing and will probably break the 12-day EMA and the 26-day EMA to the downside. Meanwhile, the stochastic indicator out of the oversold region but above the 20% range. This means the price of EOS is in a bullish momentum and a buy 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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