Technical Signs Suggest EOS’s Downtrend May Be Stalling

The Daily View for EOS

  • At the time of this writing, EOS’s price is down $-0.01 (-0.55%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being below it. 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

  • At the time of this writing, EOS’s price is up $0.02 (2.57%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • 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.
  • Divergence alert: Trend in EOS’s price and its RSI are diverging. EOS’s price is declining slower than its RSI.

Below is a daily price chart of EOS.

EOS

Featured EOS Commentary From Twitter

Also, most crypto bailouts are in reality using the resources of their customers, unknowingly.

Bitfinex was bailed out by the Block One EOS fraud in May 2019, at the expense of everyone dumb enough to buy EOS tokens, which wash was traded, on Bitfinex.https://t.co/SD4OcCRzpgNA

Bitfinexed