EOS/USD Medium-term Trend: Bullish
- Resistance levels: $ 6, $7, $8.
- Support levels: $3, $2, $1.
Yesterday, which was Tuesday, January 22, the price of the EOS crypto token was in the bullish trend zone. The price of the EOS cryptocurrency has been ranging at the $2.33 price level over the course of the last 48 hours.
Yesterday, the bulls break the 12-day Exponential Moving Average (EMA), the 26-day Exponential Moving Average (EMA) and price to reach a high figure of $2.54.
At the bullish trend zone, the price of the EOS cryptocurrency is retracing to a range bound movement. The price of this crypto coin is further expected to rise to reach the $3.0 resistance level.
But meanwhile, the stochastic is out of the oversold region and also, it is approaching the 80% range. This indicates that the price of the EOS crypto token is in a bullish momentum and this passes a buy signal.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS crypto token is in a bullish trend zone. As at yesterday, the crypto’s price reached the high rate of $2.54 and price made a pulled back just after facing resistance at the $2.54 price level. The EOS crypto’s price is approaching the 26-day Exponential Moving Average (EMA to break below it.
The EOS crypto’s price is above the 12-day Exponential Moving Average (EMA) and the 26-day Exponential Moving Average (EMA) which indicates that the price is likely to rise upward.
Also, the stochastic is currently out of the overbought region but also, it is below the 60% range. This indicates to the crypto trader that the price of EOS is in a bearish momentum and this passes a signal to sell.
We wish to state here that the views and opinions expressed here do not reflect on that of MakingMoneyInNigeria.com.ng and therefore they do not constitute financial advice. We would always advise you as a crypto trader to make your own research.