EOS is Down for the 4th Day in a Row

The Daily View for EOS

  • Currently, EOS’s price is down $-0.01 (-0.29%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • 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.

EOS’s hourly price chart is shown below.

EOS

The Daily View for EOS

  • At the time of this writing, EOS’s price is down $-0.1 (-2.23%) from the day prior.
  • EOS has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • 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.
  • Divergence between EOS’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in EOS’s price.

Below is a daily price chart of EOS.

EOS

Featured EOS Idea From TradingView

Below is a trading comment entitled Bearish EOS in a Bullish Crypto World 2 you may find interesting:

If EOS lags behind everything else again and goes below 50th in CMC, it will mean the end. December 2021 will be the saddest and most depressing bullish Christmas for EOS holders, B1 fanatics, and Dan’s cult members of the lower ranks.Meanwhile, Brendan will have the best Christmas for finally eliminating its only liability in the most efficient and legal way. All thanks to his awesome lawyers, his now-wealthy family, and support from the Block one board.

mash-inns