EOS - EOS/USDT - Daily - Technical analysis published on 03/04/2024 (GMT)
- 104
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.022503 USDT
My targets
1.155545 USDT (+5.17%)
1.361640 USDT (+23.93%)
My analysis
The bullish trend is currently very strong on EOS - EOS/USDT. As long as the price remains above the support at 1.022503 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.155545 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.361640 USDT as an objective. Crossing it would then enable buyers to target 3.260000 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 rating is 1.098755 USDT. On the day, this instrument gained +2.92% with the lowest point at 1.054782 USDT and the highest point at 1.148263 USDT. The deviation from the price is +4.17% for the low point and -4.31% for the high point.1.054782
1.148263
1.098755
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EOS - EOS/USDT:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on EOS - EOS/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of EOS - EOS/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.764148 | 0.853048 | 0.894976 | 1.098755 | 3.260000 | 5.206000 | 6.294000 |
| Change (%) | -30.45% | -22.36% | -18.55% | - | +196.70% | +373.81% | +472.83% |
| Change | -0.334607 | -0.245707 | -0.203779 | - | +2.161245 | +4.107245 | +5.195245 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 0.870136 | 0.929065 | 0.998337 | 1.057266 | 1.126538 | 1.185467 | 1.254739 |
| Camarilla | 1.032353 | 1.044105 | 1.055856 | 1.067608 | 1.079360 | 1.091112 | 1.102863 |
| Woodie | 0.875307 | 0.931651 | 1.003508 | 1.059852 | 1.131709 | 1.188053 | 1.259910 |
| Fibonacci | 0.929065 | 0.978038 | 1.008294 | 1.057266 | 1.106239 | 1.136495 | 1.185467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.527503 | 0.651314 | 0.882666 | 1.006477 | 1.237829 | 1.361640 | 1.592992 |
| Camarilla | 1.016349 | 1.048906 | 1.081462 | 1.114019 | 1.146576 | 1.179132 | 1.211689 |
| Woodie | 0.581275 | 0.678199 | 0.936438 | 1.033362 | 1.291601 | 1.388525 | 1.646764 |
| Fibonacci | 0.651314 | 0.786986 | 0.870804 | 1.006477 | 1.142149 | 1.225967 | 1.361640 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.514994 | 0.595469 | 0.728511 | 0.808986 | 0.942028 | 1.022503 | 1.155545 |
| Camarilla | 0.802835 | 0.822407 | 0.841980 | 0.861552 | 0.881124 | 0.900697 | 0.920269 |
| Woodie | 0.541277 | 0.608611 | 0.754794 | 0.822128 | 0.968311 | 1.035645 | 1.181828 |
| Fibonacci | 0.595469 | 0.677033 | 0.727423 | 0.808986 | 0.890550 | 0.940940 | 1.022503 |
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): | 80.91 | |
| MACD (12,26,9): | 0.0768 | |
| Directional Movement: | 39.877869 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.963129 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.823829 | |
| Elder Ray (13): | 0.179842 | |
| Super Trend (3,10): | 0.892975 | |
| Zig ZAG (10): | 1.101493 | |
| VORTEX (21): | 1.2832 | |
| Stochastique (14,3,5): | 89.47 | |
| TEMA (21): | 1.023156 | |
| Williams %R (14): | -11.45 | |
| Chande Momentum Oscillator (20): | 0.336291 | |
| Repulse (5,40,3): | 14.7517 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8104 | |
| Courbe Coppock: | 51.29 |
| MA7: | 0.960097 | |
| MA20: | 0.845509 | |
| MA50: | 0.769796 | |
| MA100: | 0.774317 | |
| MAexp7: | 0.988861 | |
| MAexp20: | 0.877535 | |
| MAexp50: | 0.807348 | |
| MAexp100: | 0.770154 | |
| Price / MA7: | +14.44% | |
| Price / MA20: | +29.95% | |
| Price / MA50: | +42.73% | |
| Price / MA100: | +41.90% | |
| Price / MAexp7: | +11.11% | |
| Price / MAexp20: | +25.21% | |
| Price / MAexp50: | +36.09% | |
| Price / MAexp100: | +42.67% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EOS - EOS/USDT - Daily