EOS Closed Yesterday Up 4.16%

The Daily View for EOS

  • Currently, EOS’s price is up $0 (0.03%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as EOS has now gone up 4 of the past 5 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on EOS. Given that we see an uptrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Of note is that the 200 day changed directions on EOS; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EOS’s hourly price chart is shown below.

EOS

The Daily View for EOS

  • Currently, EOS’s price is up $0.12 (4.16%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between EOS’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in EOS’s price.

Below is a daily price chart of EOS.

EOS

Featured EOS Idea From TradingView

Below is a trading comment entitled What Happened To EURCHF? you may find interesting:

IF price closes below horizontal level, trend level, ema 10 level, and ema 20 level, THEN watch for sell opportunities. In this chart, you will see price closed below all four levels. This close of the candle is convincing that a drop in price is imminent.https://www.tradingview.com/x/WuB9N9wv/After the…

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