EOS/USD Long-term Trend: Bearish
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
The EOS/USD pair was in a sideways trend in the first week of January 2019. In the first week, the crypto’s price was fluctuating above the $2.75 price level. In the second week, January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $2.45 and commenced a range bound movement above the $2.45 price level.
The crypto’s price is trading below the EMAs which indicate that price is likely to fall.
From the weekly chart, the stochastic indicator is out of the oversold region but below the 80% range which indicates the price of EOS is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.
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