EOS, ZECUSD, CryptoCompare chart

EOS USD Medium-term Trend: Bearish

Supply levels: $17, $16, $15   

Demand levels: $11, $12, $13  

Yesterday, May 10, the EOSUSD pair was in a ranging market. It was stated yesterday that the EOSUSD pair had been in a ranging market since April 30, 2018, after the price fell from $23 to $16. Therefore, the asset was range-bound between the resistance level at $20 and the support level at $16. Today, the asset was trading at $14 at the time of writing.

However, the weekly chart shows EOS price has broken the support level at $16.The asset price fell from $18 to $14. This was the previous low of EOSUSD pair on April 24, 2018. Meanwhile, the relative strength index period 14 is level 11, which indicates that the market is seriously oversold, suggesting the bulls will take control of the market.

If the bulls take control of the market, the asset will appreciate.

EOS USD Short-term Trend: Bearish

EOS, ZECUSD, CryptoCompare chart

The daily chart shows EOS in a downtrend. The price was ranging between the levels of $18 and $17 before it fell to the low of $14.

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