The Hourly View for EOS
Last Updated June 3, 2021, 02:017 GMT
At the time of this writing, EOS’s price is up $0.01 (0.14%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EOS. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 20 hour changed directions on EOS; it is now pointing up. 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
The choppiness in the recent daily price action of EOS continues; to start today, it came in at a price of 6.299 US dollars, down 5.06% ($0.336) since the previous day. The price move occurred on volume that was up 5.42% from the day prior, but down 76.6% from the same day the week before. Those trading within the Top Cryptos asset class should know that EOS was the worst performer in the class during the previous day. Below is a daily price chart of EOS.
EOS Technical Analysis
The first thing we should note is that 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. Volatility for EOS has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days EOS’s price has gone up 7 them.