EOS (EOS) Closes Last Hour Up $0.03; in an Uptrend Over Past 90 Days, Moves Down For the 2nd Consecutive Day, Pin Bar Pattern Appearing on Chart

The Hourly View for EOS

Last Updated April 30, 2021, 23:17 GMT

At the time of this writing, EOS’s price is up $0.03 (0.52%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly 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.

EOS Daily Price Recap

EOS is down 1.12% ($0.067) since yesterday, marking the 2nd consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 57.11% from the day before — and down 82.66% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 3rd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of EOS.

EOS

EOS Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days EOS’s price has gone down 10 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!