EOS - EOS/USD - 1H - Technical analysis published on 06/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 2.56 USD
My targets
2.45 USD (-1.61%)
2.41 USD (-3.21%)
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 2.56 USD. The next support located at 2.45 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 2.41 USD. Below this support, sellers could then target 2.12 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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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 2.49 USD. On the day, this instrument lost -2.73% and was traded between 2.42 USD and 2.57 USD over the period. The price is currently at +2.89% from its lowest and -3.11% from its highest.2.42
2.57
2.49
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EOS - EOS/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.12 | 2.41 | 2.45 | 2.49 | 2.56 | 2.62 | 2.70 |
| Change (%) | -14.86% | -3.21% | -1.61% | - | +2.81% | +5.22% | +8.43% |
| Change | -0.37 | -0.08 | -0.04 | - | +0.07 | +0.13 | +0.21 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.44 | 2.49 | 2.52 | 2.57 | 2.60 | 2.65 | 2.68 |
| Camarilla | 2.54 | 2.55 | 2.55 | 2.56 | 2.57 | 2.58 | 2.58 |
| Woodie | 2.44 | 2.49 | 2.52 | 2.57 | 2.60 | 2.65 | 2.68 |
| Fibonacci | 2.49 | 2.52 | 2.54 | 2.57 | 2.60 | 2.62 | 2.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.05 | 2.25 | 2.43 | 2.63 | 2.81 | 3.01 | 3.19 |
| Camarilla | 2.51 | 2.54 | 2.58 | 2.61 | 2.65 | 2.68 | 2.72 |
| Woodie | 2.04 | 2.25 | 2.42 | 2.63 | 2.80 | 3.01 | 3.18 |
| Fibonacci | 2.25 | 2.40 | 2.49 | 2.63 | 2.78 | 2.87 | 3.01 |
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): | 42.18 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -24.47 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 2.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.49 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 2.53 | |
| Zig ZAG (10): | 2.49 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 37.78 | |
| TEMA (21): | 2.46 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 0.6500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 5.87 |
| MA7: | 2.61 | |
| MA20: | 2.68 | |
| MA50: | 2.67 | |
| MA100: | 2.55 | |
| MAexp7: | 2.48 | |
| MAexp20: | 2.50 | |
| MAexp50: | 2.54 | |
| MAexp100: | 2.58 | |
| Price / MA7: | -4.60% | |
| Price / MA20: | -7.09% | |
| Price / MA50: | -6.74% | |
| Price / MA100: | -2.35% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -1.97% | |
| Price / MAexp100: | -3.49% |
Quotes :
2020-06-15 15:17:17
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Real time data
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