EOS is Down for the 3rd Day in a Row

The Daily View for EOS

  • At the time of this writing, EOS’s price is down $0 (-0.24%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as EOS has now gone down 8 of the past 10 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily 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’s hourly price chart is shown below.

EOS

The Daily View for EOS

  • Currently, EOS’s price is down $0 (-0.24%) from the day prior.
  • This is the 3rd day in a row EOS has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • Of note is that the 20 day changed directions on EOS; it is now pointing down. The moving averages on the daily 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.

Below is a daily price chart of EOS.

EOS

Featured EOS Idea From TradingView

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