EOS - EOS/USD - Daily - Technical analysis published on 08/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.31 USD
My targets
3.84 USD (+6.37%)
4.40 USD (+21.88%)
My analysis
The bullish trend is currently very strong on EOS - EOS/USD. As long as the price remains above the support at 3.31 USD, you could try to benefit from the boom. The first bullish objective is located at 3.84 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.40 USD as an objective. Crossing it would then enable buyers to target 5.40 USD. 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.
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
8.8
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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 rating is 3.61 USD. The price registered a decrease of -4.24% on the session and was traded between 3.52 USD and 3.82 USD over the period. The price is currently at +2.56% from its lowest and -5.50% from its highest.3.52
3.82
3.61
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EOS - EOS/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 2.28 | 2.82 | 3.31 | 3.61 | 3.84 | 4.40 | 5.40 |
| Change (%) | -36.84% | -21.88% | -8.31% | - | +6.37% | +21.88% | +49.58% |
| Change | -1.33 | -0.79 | -0.30 | - | +0.23 | +0.79 | +1.79 |
| Level | Major | Major | Major | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.45 | 3.57 | 3.67 | 3.79 | 3.89 | 4.01 | 4.11 |
| Camarilla | 3.71 | 3.73 | 3.75 | 3.77 | 3.79 | 3.81 | 3.83 |
| Woodie | 3.44 | 3.57 | 3.66 | 3.79 | 3.88 | 4.01 | 4.10 |
| Fibonacci | 3.57 | 3.65 | 3.71 | 3.79 | 3.87 | 3.93 | 4.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.16 | 2.52 | 3.12 | 3.48 | 4.08 | 4.44 | 5.04 |
| Camarilla | 3.46 | 3.54 | 3.63 | 3.72 | 3.81 | 3.90 | 3.98 |
| Woodie | 2.28 | 2.58 | 3.24 | 3.54 | 4.20 | 4.50 | 5.16 |
| Fibonacci | 2.52 | 2.89 | 3.11 | 3.48 | 3.85 | 4.07 | 4.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.69 | 2.00 | 2.53 | 2.84 | 3.37 | 3.68 | 4.21 |
| Camarilla | 2.83 | 2.91 | 2.98 | 3.06 | 3.14 | 3.21 | 3.29 |
| Woodie | 1.80 | 2.06 | 2.64 | 2.90 | 3.48 | 3.74 | 4.32 |
| Fibonacci | 2.00 | 2.32 | 2.52 | 2.84 | 3.16 | 3.36 | 3.68 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.27 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 14.71 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 3.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.73 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 3.00 | |
| Zig ZAG (10): | 3.61 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 83.48 | |
| TEMA (21): | 3.65 | |
| Williams %R (14): | -28.83 | |
| Chande Momentum Oscillator (20): | 0.53 | |
| Repulse (5,40,3): | 2.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8700 | |
| Courbe Coppock: | 30.35 |
| MA7: | 3.49 | |
| MA20: | 3.22 | |
| MA50: | 2.84 | |
| MA100: | 2.72 | |
| MAexp7: | 3.53 | |
| MAexp20: | 3.26 | |
| MAexp50: | 2.98 | |
| MAexp100: | 2.85 | |
| Price / MA7: | +3.44% | |
| Price / MA20: | +12.11% | |
| Price / MA50: | +27.11% | |
| Price / MA100: | +32.72% | |
| Price / MAexp7: | +2.27% | |
| Price / MAexp20: | +10.74% | |
| Price / MAexp50: | +21.14% | |
| Price / MAexp100: | +26.67% |
Quotes :
2020-08-18 15:30:43
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Real time data
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