- On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $7.50 and $8.50 resistance levels.
- On the downside, if the bears break below the EMAs, the crypto’s price will fall and retest the $6.0 level.
EOS/USD Long-term Trend: Bullish
- Resistance Levels: $8.0, $8.5, $9.0
- Support levels: $ 7.0, $ 6.5, $6.0
The EOS/USD pair is in a bearish trend. The price of the EOS is facing two overhead resistances. On May 31, the bulls tested the $8.50 overhead resistance. The bulls were resisted and the EOS market had a downward correction to a low at $6.2 price level. The bulls pulled above the EMAs and were resisted at $7.50 price level. The EOS market was on a downward correction to a low at $5.50 price level. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $7.50 and $8.50 resistance levels.
On the downside, if the bears break below the EMAs, the crypto’s price will fall and retest the $6.0 level. On June 1, the price of EOS has an opening balance of $8.53 and a closing balance of $6.17. The price of EOS has depreciated by 0.27% of its capitalization in June 2019. The market is at the oversold region of the daily stochastic but below 60% range which indicates that EOS price is in a bearish momentum and a sell signal.
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