EOS (EOS) Closes Prior Hour Down -0.48%; But Still in an Uptrend Over Past 14 Days

The Hourly View for EOS

Last Updated May 12, 2021, 00:017 GMT

At the moment, EOS’s price is down $-0.07 (-0.48%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EOS. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 $9.275, down 11.83% ($1.245) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 40.85% from the day prior, and up 363.79% 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 previous day. Below is a daily price chart of EOS.

EOS

EOS Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that EOS’s price has gone up 7 of the previous 14 trading days.