The crypto’s price was at a low of $3.26 when it rose to a high of $3.91 in a bullish trend.
On the upside, the price of EOS is likely to rise but may face resistance at the $4.00 price level.
EOS/USD Medium-term Trend: Ranging
Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.
Last week, the price of EOS was in a bullish trend. The crypto’s price was at a low of $3.26 when it rose to a high of $3.91 in a bullish trend. On March 7, the crypto’s price tested the $4.0 price level and made a downward correction to a low of $3.80 price level.
The price fell to the support of the 26-day EMA and commenced a bullish movement. On the upside, the price of EOS is likely to rise but may face resistance at the $4.00 price level.
Also, the stochastic is out of the oversold region but above the 60% range. This indicates that the price of EOS is in a bullish momentum and a buy signal.
EOS/USD Short-term Trend: Ranging
On the 1-hour chart, the price of EOS is in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally indicating the sideways trend. The crypto’s price is fluctuating below and above the EMAs.
Today, the price of EOS is trading at $3.77 as at the time of writing. The crypto's price is below the EMAs which indicate that price is in bearish trend zone. The stochastic indicator is out of the oversold region but below the 60% range. This indicates that price is in a bearish momentum and a sell signal.
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