EOS - EOS/USD - 1H - Technical analysis published on 05/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 2.50 USD
My targets
2.41 USD (-2.43%)
2.24 USD (-9.31%)
My analysis
EOS - EOS/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.50 USD. The next support located at 2.41 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.24 USD. Below this support, sellers could then target 1.74 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
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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
The EOS - EOS/USD price is 2.47 USD. On the day, this instrument lost -2.37% and was traded between 2.46 USD and 2.54 USD over the period. The price is currently at +0.41% from its lowest and -2.76% from its highest.2.46
2.54
2.47
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of EOS - EOS/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.74 | 2.41 | 2.46 | 2.47 | 2.50 | 2.55 | 2.60 |
| Change (%) | -29.55% | -2.43% | -0.40% | - | +1.21% | +3.24% | +5.26% |
| Change | -0.73 | -0.06 | -0.01 | - | +0.03 | +0.08 | +0.13 |
| Level | Major | Major | Minor | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.40 | 2.43 | 2.48 | 2.51 | 2.56 | 2.59 | 2.64 |
| Camarilla | 2.51 | 2.52 | 2.52 | 2.53 | 2.54 | 2.55 | 2.55 |
| Woodie | 2.41 | 2.44 | 2.49 | 2.52 | 2.57 | 2.60 | 2.65 |
| Fibonacci | 2.43 | 2.46 | 2.48 | 2.51 | 2.54 | 2.56 | 2.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.07 | 2.24 | 2.40 | 2.57 | 2.73 | 2.90 | 3.06 |
| Camarilla | 2.47 | 2.50 | 2.53 | 2.56 | 2.59 | 2.62 | 2.65 |
| Woodie | 2.07 | 2.24 | 2.40 | 2.57 | 2.73 | 2.90 | 3.06 |
| Fibonacci | 2.24 | 2.37 | 2.44 | 2.57 | 2.70 | 2.77 | 2.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.17 | 1.66 | 2.25 | 2.74 | 3.33 | 3.82 | 4.41 |
| Camarilla | 2.54 | 2.64 | 2.74 | 2.84 | 2.94 | 3.04 | 3.14 |
| Woodie | 1.22 | 1.69 | 2.30 | 2.77 | 3.38 | 3.85 | 4.46 |
| Fibonacci | 1.66 | 2.07 | 2.33 | 2.74 | 3.15 | 3.41 | 3.82 |
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): | 24.36 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -39.88 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 2.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.53 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 2.53 | |
| Zig ZAG (10): | 2.50 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 37.78 | |
| TEMA (21): | 2.50 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.71 |
| MA7: | 2.53 | |
| MA20: | 2.58 | |
| MA50: | 2.64 | |
| MA100: | 2.79 | |
| MAexp7: | 2.50 | |
| MAexp20: | 2.51 | |
| MAexp50: | 2.52 | |
| MAexp100: | 2.54 | |
| Price / MA7: | -2.37% | |
| Price / MA20: | -4.26% | |
| Price / MA50: | -6.44% | |
| Price / MA100: | -11.47% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -1.59% | |
| Price / MAexp50: | -1.98% | |
| Price / MAexp100: | -2.76% |
Quotes :
2020-05-26 16:05:03
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Real time data
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