The Daily View for EOS
- At the moment, EOS’s price is down $0 (0%) from the day prior.
- It’s been a feast for bears operating on the daily timeframe, as EOS has now gone down 4 of the past 5 days.
- From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
- Price action traders may also wish to note that we see a pin bar candlestick pattern on EOS. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
EOS’s hourly price chart is shown below.
The Daily View for EOS
- At the moment, EOS’s price is down $-0.02 (-1.37%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved up.
- As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
- The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Below is a daily price chart of EOS.
Featured EOS Idea From TradingView
Below is a trading comment entitled NZD now at breakeven as Tokyo buys the greenback. you may find interesting:
This is an update to a series of videos and analysis of NZD/USD using the TV paper trading facility. Time to be moving to breakeven.
— Ross-J-Burland
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This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here
