EOS (EOS) Closes Last Hour Down $-0.02; 2 Day Up Streak Snapped, Pin Bar Pattern Appearing on Chart, is Inching Close to 20 Day Average

The Hourly View for EOS

Last Updated May 4, 2021, 02:017 GMT

At the time of this writing, EOS’s price is down $-0.02 (-0.37%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 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 entered today at $6.531, down 1.31% ($0.087) from the day prior. The change in price came along side change in volume that was up 10.63% from previous day, but down 20.33% from the Monday of last week. 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. Here is a daily price chart of EOS.

EOS

EOS Technical Analysis

First things first: EOS crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 16 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.