EOS (EOS) Closes Prior Hour Down -0.18%; Heads Up For the 2nd Straight Day, Crosses 20 Day Moving Average

The Hourly View for EOS

Last Updated May 3, 2021, 02:017 GMT

At the moment, EOS’s price is down $-0.01 (-0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend 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 closed the day prior up 2.64% ($0.17); this denotes the 2nd straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 28.17% from the day before — and down 1.5% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, EOS ended up ranking 3rd for the day in terms of price change relative to the day prior. Below is a daily price chart of EOS.

EOS

EOS Technical Analysis

First things first: EOS crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days EOS’s price has gone down 6 them.