EOS/USD Medium-term: Bearish
Resistances: $6.0, $7.0, $8.0
Supports: $4.5, $4.0, $3.0
On September 24, the EOS trend was bearish. On September 21, the coin moved bullish up to $6.18. The cryptocurrency faced a resistance, which resulted in a bearish trend for the last five days. The price will probably drop to the previous low, which was $4.64. It will be ranged bound between $5.0 ad $4.0 if the price drops into the former range bound area.
However, the cryptocurrency will linger above $5.0 if the levels of $5.0 get supported. Still, there is a sell signal indicated by the MACD line and the signal line being below zero. Furthermore, EOS’s price is under the 12-day EMA and 26-day EMA, suggesting a bearish trend. Even so, the bulls are taking charge within the overselling market as indicated by the Relative Strength Index period 14 being level 29.
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 falling price.