EOS - EOS/USD - 1H - Technical analysis published on 04/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.30 USD
My targets
2.46 USD (+4.24%)
2.70 USD (+14.41%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EOS - EOS/USD as long as the price remains well above 2.30 USD. The buyers” bullish objective is set at 2.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.70 USD. If there is any crossing, the next objective would be the resistance located at 3.25 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EOS - EOS/USD rating 2.36 USD. The price registered an increase of +2.61% on the session and was traded between 2.28 USD and 2.38 USD over the period. The price is currently at +3.51% from its lowest and -0.84% from its highest.2.28
2.38
2.36
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EOS - EOS/USD:
Technical
Technical analysis of EOS - EOS/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.19 | 2.27 | 2.30 | 2.36 | 2.37 | 2.46 | 2.70 |
| Change (%) | -7.20% | -3.81% | -2.54% | - | +0.42% | +4.24% | +14.41% |
| Change | -0.17 | -0.09 | -0.06 | - | +0.01 | +0.10 | +0.34 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.00 | 2.13 | 2.21 | 2.34 | 2.42 | 2.55 | 2.63 |
| Camarilla | 2.24 | 2.26 | 2.28 | 2.30 | 2.32 | 2.34 | 2.36 |
| Woodie | 1.99 | 2.12 | 2.20 | 2.33 | 2.41 | 2.54 | 2.62 |
| Fibonacci | 2.13 | 2.21 | 2.26 | 2.34 | 2.42 | 2.47 | 2.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.75 | 1.91 | 2.06 | 2.22 | 2.37 | 2.53 | 2.68 |
| Camarilla | 2.12 | 2.14 | 2.17 | 2.20 | 2.23 | 2.26 | 2.29 |
| Woodie | 1.74 | 1.91 | 2.05 | 2.22 | 2.36 | 2.53 | 2.67 |
| Fibonacci | 1.91 | 2.03 | 2.11 | 2.22 | 2.34 | 2.42 | 2.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.26 | 0.08 | 1.16 | 2.50 | 3.58 | 4.92 | 6.00 |
| Camarilla | 1.57 | 1.79 | 2.01 | 2.23 | 2.45 | 2.67 | 2.90 |
| Woodie | -1.40 | 0.02 | 1.02 | 2.44 | 3.44 | 4.86 | 5.86 |
| Fibonacci | 0.08 | 1.01 | 1.58 | 2.50 | 3.43 | 4.00 | 4.92 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.37 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 21.64 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 2.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.40 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 2.39 | |
| Zig ZAG (10): | 2.36 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 93.33 | |
| TEMA (21): | 2.36 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 1.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.83 |
| MA7: | 2.24 | |
| MA20: | 2.20 | |
| MA50: | 3.08 | |
| MA100: | 3.36 | |
| MAexp7: | 2.35 | |
| MAexp20: | 2.33 | |
| MAexp50: | 2.29 | |
| MAexp100: | 2.27 | |
| Price / MA7: | +5.36% | |
| Price / MA20: | +7.27% | |
| Price / MA50: | -23.38% | |
| Price / MA100: | -29.76% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +1.29% | |
| Price / MAexp50: | +3.06% | |
| Price / MAexp100: | +3.96% |
This member declared not having a position on this financial instrument or a related financial instrument.
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