EOS (EOS) Closes Prior Hour Down 0%; Heads Down For the 6th Day In A Row, Price Base in Formation Over Past 30 Days

The Hourly View for EOS

Last Updated October 18, 2020, 11:16 GMT

Currently, EOS’s price is down $0 (0%) from the hour prior. EOS has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 2 Price action traders may also wish to note that we see some doji and pin bar candlestick patterns 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. Of note is that the 20 and 50 hour changed directions on EOS; they are now pointing up. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EOS Daily Price Recap

EOS is down 0.47% ($0.012) since the previous day, marking the 6th day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 68.88% from the day before — and down 71.65% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, EOS ended up ranking 5th for the day in terms of price change relative to the previous day. The daily price chart of EOS below illustrates.


EOS Technical Analysis

Notably, the current price of EOS is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 8 out of the past 10 days.