EOS (EOS) Closes Last Hour Down $-0.05; Makes Big Move Relative to Past Three Months, Heads Up For the 2nd Consecutive Day

The Hourly View for EOS

Last Updated May 7, 2021, 04:017 GMT

Currently, EOS’s price is down $-0.05 (-0.43%) from the hour prior. This is the 3rd consecutive hour EOS has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 closed the day prior up 31.28% ($2.733); this denotes the 2nd consecutive day an increase has occurred. As for how volume fared, yesterday’s volume was up 150.08% from the previous day (Wednesday), and up 2157.45% from Thursday of the week before. EOS outperformed all 7 assets in the Top Cryptos asset class since the day prior. The daily price chart of EOS below illustrates.

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 up. For another vantage point, consider that EOS’s price has gone up 6 of the previous 10 trading days.