EOS/USD Medium-term: Ranging
Resistances: $6.0, $7.0, $8.0
Supports: $5.0, $4.0, $3.0
Last week, when EOS’s price dropped towards $4,72, it was ranged bound as well. Afterwards, EOS moved bullish up to $5.02. Until September, the digital currency kept fluctuating above the level of $5.0.
On the other hand, the bullish trend risen it as high as $6.28. There was a resistance level with a trend downwards. The price is near $5.78 now. Still, the digital currency will be back into the previous Range bound zone in case of dropping and breaking the level of $5.0.
Also, there is a buy signal indicated by the MACD line and the signal line being above zero. Furthermore, EOS’s price is under the 12-day EMA and 26-day EMA, suggesting a bearish trend. Still, the price has a sideways trend as indicated by the Relative Strength Index period 14 being level 50.
EOS/USD Short-term: Bearish
According to the 1-hour chart, EOS’s price stands bearish. EOS’s price is under the 12-day EMA and 26-day EMA, suggesting a bearish trend.