Resistance levels: $ 6, $7, $8.
Support levels: $5, $4, $3.

Yesterday, November 5, the price of EOS was in a sideways trend. Yesterday, the price fell to the low of $5.48 and commenced a range bound movement. The digital currency is expected to rise because it is above the exponential moving averages (EMAs).

Price is expected to reach the upper level of price range which is the $6 price level. However, the price of EOS may face resistance at the $5.60 price level. Meanwhile, the price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal

On the 1-hour chart, the price of EOS is in a bullish trend. The digital currency is making a series of higher highs and higher lows. The bull took price to the high of $5.52 and was resisted. The price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In the same vein, the MACD line and the signal line are above the zero line which indicates 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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