The Hourly View for EOS
Last Updated October 19, 2020, 11:16 GMT
At the time of this writing, EOS’s price is up $0 (0.08%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 2 Price action traders may also wish to note that we see a doji candlestick pattern on EOS. Given that we see an uptrend on the 10 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 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 end of a 6 day negative run has come for EOS, which finished the previous day up 0.87% ($0.022). This move happened on lower volume, as yesterday’s volume was down 20.09% from the day before — and down 61.34% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 5th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of EOS.
EOS Technical Analysis
Coming into today EOS is now close to its 20 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 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 7 out of the past 10 days.