EOS (EOS) Closes Last Hour Down $0.00; Heads Down For the 2nd Straight Day, Pin Bar Pattern Appearing on Chart

The Hourly View for EOS

Last Updated December 31, 2020, 03:017 GMT

At the moment, EOS’s price is down $0 (-0.12%) 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 50 hour timeframe. Of note is that the 100 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 closed the day prior down 0.91% ($0.024); this denotes the 2nd straight day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 35.06% from the day before — and down 78.38% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 5th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of EOS.

EOS

EOS Technical Analysis

Notably, EOS is now close to its 100 day moving averages, which may act as price barrier for the asset. 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. For another vantage point, consider that EOS’s price has gone down 7 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.