EOS (EOS) Price Near $2.50; in a Downtrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart, Heads Down For the 2nd Straight Day

The Hourly View for EOS

Last Updated January 28, 2021, 00:017 GMT

At the time of this writing, EOS’s price is down $-0.01 (-0.4%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EOS has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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 closed the day prior down 0.68% ($0.018); this denotes the 2nd straight day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 33.12% from the day before — and down 51.47% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 5th since the day prior in terms of percentage price change. Here is a daily price chart of EOS.

EOS

EOS Technical Analysis

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 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.