EOSUSD Price Medium-term Trend: Bearish
Supply zones: $6.00, $7.00, $8.00
Demand zones: $2.00, $1.50, $1.00
EOS is still in a bearish trend in its medium-term outlook. Its bullish corrective move have been followed by bearish ones, which led to lower lows. After breaking through the black trend-line on November 24, the crypto’s price was pressured by the bears. The $2.5 mark in the demand area may be their next target.
The crypto’s price is currently below its two EMAs. These are currently spread apart, which shows the trend’s context is strong – in this case, that of the downtrend. The Stochastic Oscillators’ signal is currently pointing down, suggesting further downward price movements.
EOSUSD Price Short-term Trend: Bearish
EOS is in a bearish trend in its short-term outlook. Breaking below the key demand area and subsequently dropping to $2.8 yesterday showed the bears are in control of the market. Their pressure has been maintained so far, with a drop to $2.6.
EOS’ price is below both its EMAs, which are spread apart. The Stochastic Oscillators are at range 15, and imply further downward pressure.
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