The Hourly View for EOS
Last Updated November 21, 2020, 02:037 GMT
At the time of this writing, EOS’s price is up $0.01 (0.46%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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
The choppiness in the recent daily price action of EOS continues; to start today, it came in at a price of 2.782 US dollars, up 5.46% ($0.144) since the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 107.8% from the day prior, and up 116.78% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 4th since the previous day in terms of percentage price change. Here is a daily price chart of EOS.
EOS Technical Analysis
First things first: EOS crossed above its 100 and 200 day moving averages yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 5 out of the past 10 days.