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EOS Price Prediction Today: Daily (EOS) Value Forecast – July 11

DEXEOS Decentralized EOS Exchange Lists the Carbon Stablecoin (CUSD) Token
  • The price of EOS is approaching the low of $4.60 which was the previous low of April 25.
  • At the 12-day EMA, the price fell to the low at $4.40 and commences a range bound move below the EMAs.

EOS/USD Medium-term Trend: Bearish

  • Resistance levels: $ 6.50, $7.00, $7.50.
  • Support levels: $5.50, $5.00, $4.50.

Yesterday, July 10, the price of EOS was in a bearish trend. The market has reached the previous low of April 25, as the bears reached exhaustion. The EOS market has reached the oversold region of the market as buyers are expected to emerge. The price of EOS is approaching the low of $4.60 which was the previous low of April 25.

A trend line is drawn to determine the duration of the bearish trend. A bearish trend is ongoing when the trend line is unbroken. The candlestick will test the trend line and continue its downtrend in lower highs and lower lows.

However, a bearish trend is said to be terminated if the trend line is broken by price and another candlestick is closed in the opposite of it. Meanwhile, the price of the EOS market is in the oversold region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping southward. The price of EOS is fluctuating above the $5.80 price level. The bears broke the 12-day EMA and the 26-day EMA and reached the low at $5.20 to commence a range bound move to the EMAs.

At the 12-day EMA, the price fell to the low at $4.40 and commences a range bound move below the EMAs. Meanwhile, the price of the EOS market is in the oversold region of the daily stochastic but above 60% range. This indicates that price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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