EOS - EOS/USDT - 1H - Technical analysis published on 01/24/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.702237 USDT
My targets
0.672927 USDT (-1.28%)
0.661424 USDT (-2.97%)
My analysis
In a bearish trend, the price of EOS - EOS/USDT tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.702237 USDT. A bearish break in the support located at 0.672927 USDT would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.661424 USDT. Then 0.647314 USDT by extension. It would be safer to wait for a bearish break in the support located at 0.672927 USDT before allowing yourself to re trade short positions (for sale) on EOS - EOS/USDT. PS: if there is a bullish break in the resistance located at 0.702237 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EOS - EOS/USDT price is 0.681673 USDT. The price has increased by +0.61% since the last closing with the lowest point at 0.669483 USDT and the highest point at 0.687172 USDT. The deviation from the price is +1.82% for the low point and -0.80% for the high point.0.669483
0.687172
0.681673
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this EOS - EOS/USDT chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.647314 | 0.661424 | 0.672927 | 0.681673 | 0.702237 | 0.732596 | 0.760744 |
| Change (%) | -5.04% | -2.97% | -1.28% | - | +3.02% | +7.47% | +11.60% |
| Change | -0.034359 | -0.020249 | -0.008746 | - | +0.020564 | +0.050923 | +0.079071 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.585463 | 0.614475 | 0.645996 | 0.675008 | 0.706529 | 0.735541 | 0.767062 |
| Camarilla | 0.660871 | 0.666420 | 0.671969 | 0.677518 | 0.683067 | 0.688616 | 0.694165 |
| Woodie | 0.586719 | 0.615102 | 0.647252 | 0.675635 | 0.707785 | 0.736168 | 0.768318 |
| Fibonacci | 0.614475 | 0.637598 | 0.651884 | 0.675008 | 0.698131 | 0.712417 | 0.735541 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.591084 | 0.645351 | 0.686005 | 0.740272 | 0.780926 | 0.835193 | 0.875847 |
| Camarilla | 0.700557 | 0.709258 | 0.717959 | 0.726660 | 0.735361 | 0.744062 | 0.752763 |
| Woodie | 0.584279 | 0.641948 | 0.679200 | 0.736869 | 0.774121 | 0.831790 | 0.869042 |
| Fibonacci | 0.645351 | 0.681611 | 0.704012 | 0.740272 | 0.776532 | 0.798933 | 0.835193 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.544215 | 0.631859 | 0.738425 | 0.826069 | 0.932635 | 1.020279 | 1.126845 |
| Camarilla | 0.791582 | 0.809385 | 0.827187 | 0.844990 | 0.862793 | 0.880595 | 0.898398 |
| Woodie | 0.553675 | 0.636590 | 0.747885 | 0.830800 | 0.942095 | 1.025010 | 1.136305 |
| Fibonacci | 0.631859 | 0.706048 | 0.751881 | 0.826069 | 0.900258 | 0.946091 | 1.020279 |
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): | 54.82 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | -2.296938 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.680436 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.686612 | |
| Elder Ray (13): | 0.003111 | |
| Super Trend (3,10): | 0.686446 | |
| Zig ZAG (10): | 0.682977 | |
| VORTEX (21): | 1.0781 | |
| Stochastique (14,3,5): | 64.11 | |
| TEMA (21): | 0.684246 | |
| Williams %R (14): | -31.16 | |
| Chande Momentum Oscillator (20): | 0.003461 | |
| Repulse (5,40,3): | 0.4940 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0187 | |
| Courbe Coppock: | 1.90 |
| MA7: | 0.705353 | |
| MA20: | 0.735449 | |
| MA50: | 0.784655 | |
| MA100: | 0.722939 | |
| MAexp7: | 0.681216 | |
| MAexp20: | 0.679299 | |
| MAexp50: | 0.682924 | |
| MAexp100: | 0.694941 | |
| Price / MA7: | -3.36% | |
| Price / MA20: | -7.31% | |
| Price / MA50: | -13.12% | |
| Price / MA100: | -5.71% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -1.91% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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