EOS/USD Medium-term Trend: Bullish
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
Yesterday, February 13, the price of EOS was in a bullish trend. The price of EOS is still ranging above the 12-day EMA. At other times the bulls have tested the $3.0 resistance level and was unable to break it. On February 11, the crypto was resisted at the $2.90 price level. On February 12, the crypto was resisted at the $3.03 price level. That was one of the reasons the bulls were unable to go beyond the $3.0 price level since January 2, 2019.
On the upside, if the bulls break the $3.0 price level, the crypto will reach the highs of $3.5 and $5.0. Meanwhile, the stochastic is out of the overbought region but below the 60% range. This indicates that the price of EOS is in a bearish momentum and a sell signal. The price of EOS is above the EMAs which indicate that price is in the bullish trend zone.
EOS/USD Short-term Trend: Ranging
On the 1-hour chart, the price of EOS is in a bearish trend. On February 13, the bears broke the 12-day EMA and the 26-day EMA and price fell to the bearish trend zone. At the low of $2.85, the crypto’s price made a bullish movement.
The bulls broke the EMAs but the price fell back to the bearish trend zone. The crypto’s price is below the EMAs which indicates that price is likely to fall. Meanwhile, the stochastic is at the overbought region but below the 60% range. This indicates that price is in a bearish momentum and a sell signal.
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