EOS/USD Medium-term Trend: Bullish
Resistance levels: $ 8.5, $9.0, $9.5
Support levels: $7.5, $8.0, $8.5
Yesterday, July 16, price o EOS was in a sideways trend zone. The cryptocurrency was ranging at a price of $7.20 before the emergence of the bullish trend. The bulls have taken price to the high of $8.0. The bulls may face resistance if the price of EOS reaches the high of $8.8. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
In addition, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. Nevertheless, the relative strength index period 14 is level 72 which indicates that the price of EOS is in the bullish trend zone.
EOS/USD Short-term Trend: Bullish
On the 1-hour chart, the price of EOS is in a bullish trend. The price of EOS is above the 12-day EMA and the 26-day EMA indicating that the cryptocurrency is rising. Also, the MACD line and the signal line are above the zero line which is a buy signal.