The Hourly View for EOS
Last Updated May 29, 2021, 02:046 GMT
At the moment, EOS’s price is up $0.02 (0.29%) from the hour prior. EOS has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on EOS; it is now pointing down. The moving averages on the hourly 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 Daily Price Recap
EOS’s 4 day positive streak has officially concluded, as the candle from the day prior closed down 12.74% ($0.894). This move happened on lower volume, as yesterday’s volume was down 52.16% from the day before — and down 55.41% from the same day the week before. On a relative basis, EOS was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the day prior. The daily price chart of EOS below illustrates.
EOS Technical Analysis
Coming into today the current price of EOS is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Or to view things another way, note that out of the past 30 days EOS’s price has gone up 15 them. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 14 and 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.