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

Yesterday, November 6, the price of EOS was in a bullish trend.The digital currency reached a high of $5.79 while in a bullish trend. However, the crypto is currently range bound between the levels of $5 and $6 price levels.

Nevertheless, the bulls were resisted at the $5.84 price level and price fell to a range bound movement . Traders are advised to exit their long trades. Meanwhile, price of EOS is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Nevertheless, 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 bearish trend. The digital currency is in a downward trend as price breaks the 12- day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Price is falling and approaching the $5.60 resistance level, but  now a support level. If price falls to that level and holds, Traders should initiate long trades in anticipation of a bullish trend. 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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