EOS - EOS/USD - 1H - Technical analysis published on 06/04/2020 (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:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 2.70 USD
My targets
2.77 USD (+1.47%)
2.84 USD (+4.03%)
My analysis
A bullish trend on EOS - EOS/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 2.70 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2.77 USD. Then the price could move towards 2.84 USD. Then 2.89 USD by extension. Be careful, a return below 2.70 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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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 2.73 USD. The price has increased by +1.49% since the last closing with the lowest point at 2.67 USD and the highest point at 2.74 USD. The deviation from the price is +2.25% for the low point and -0.36% for the high point.2.67
2.74
2.73
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EOS - EOS/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.60 | 2.66 | 2.70 | 2.73 | 2.77 | 2.84 | 2.89 |
| Change (%) | -4.76% | -2.56% | -1.10% | - | +1.47% | +4.03% | +5.86% |
| Change | -0.13 | -0.07 | -0.03 | - | +0.04 | +0.11 | +0.16 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Major |
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 | 2.58 | 2.60 | 2.65 | 2.67 | 2.72 | 2.74 | 2.79 |
| Camarilla | 2.67 | 2.68 | 2.68 | 2.69 | 2.70 | 2.70 | 2.71 |
| Woodie | 2.59 | 2.61 | 2.66 | 2.68 | 2.73 | 2.75 | 2.80 |
| Fibonacci | 2.60 | 2.63 | 2.65 | 2.67 | 2.70 | 2.72 | 2.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.25 | 2.35 | 2.57 | 2.67 | 2.89 | 2.99 | 3.21 |
| Camarilla | 2.69 | 2.72 | 2.75 | 2.78 | 2.81 | 2.84 | 2.87 |
| Woodie | 2.30 | 2.38 | 2.62 | 2.70 | 2.94 | 3.02 | 3.26 |
| Fibonacci | 2.35 | 2.48 | 2.55 | 2.67 | 2.80 | 2.87 | 2.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.58 | 1.94 | 2.30 | 2.66 | 3.02 | 3.38 | 3.74 |
| Camarilla | 2.47 | 2.54 | 2.60 | 2.67 | 2.74 | 2.80 | 2.87 |
| Woodie | 1.59 | 1.94 | 2.31 | 2.66 | 3.03 | 3.38 | 3.75 |
| Fibonacci | 1.94 | 2.21 | 2.38 | 2.66 | 2.93 | 3.10 | 3.38 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.74 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 3.95 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 2.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.63 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 2.69 | |
| Zig ZAG (10): | 2.72 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 76.19 | |
| TEMA (21): | 2.73 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.20 |
| MA7: | 2.71 | |
| MA20: | 2.62 | |
| MA50: | 2.66 | |
| MA100: | 2.65 | |
| MAexp7: | 2.72 | |
| MAexp20: | 2.71 | |
| MAexp50: | 2.71 | |
| MAexp100: | 2.70 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | +4.20% | |
| Price / MA50: | +2.63% | |
| Price / MA100: | +3.02% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +1.11% |
Quotes :
2020-06-04 16:16:25
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Real time data
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