EOS (EOS) Closes Prior Hour Down -0.05%; in a Downtrend Over Past 14 Days, 2 Day Up Streak Snapped

The Hourly View for EOS

Last Updated April 30, 2021, 02:017 GMT

At the moment, EOS’s price is down $0 (-0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 50 hour changed directions on EOS; it is now pointing down. 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

5.959 (USD) was the opening price of the day for EOS, resulting in yesterday being one in which price moved down 1.6% ($0.097) from yesterday. This move happened on lower volume, as yesterday’s volume was down 10.06% from the day before — and down 50.9% 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 yesterday. The daily price chart of EOS below illustrates.

EOS

EOS Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days EOS’s price has gone down 9 them.