EOS - EOS/USD - 1H - Technical analysis published on 05/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 8.69 USD
My targets
8.57 USD (-0.70%)
7.95 USD (-7.88%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EOS - EOS/USD as long as the price remains well below 8.69 USD. The next bearish objective for sellers is set at 8.57 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.95 USD. If there is any crossing, the next objective would be the support located at 5.56 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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This analysis was given by imorton777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EOS - EOS/USD price is 8.63 USD. The price is lower by -7.50% since the last closing and was traded between 8.51 USD and 9.48 USD over the period. The price is currently at +1.41% from its lowest and -8.97% from its highest.8.51
9.48
8.63
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of EOS - EOS/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.56 | 7.95 | 8.57 | 8.63 | 9.45 | 10.76 | 11.48 |
| Change (%) | -35.57% | -7.88% | -0.70% | - | +9.50% | +24.68% | +33.02% |
| Change | -3.07 | -0.68 | -0.06 | - | +0.82 | +2.13 | +2.85 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 7.81 | 8.39 | 8.86 | 9.44 | 9.91 | 10.49 | 10.96 |
| Camarilla | 9.04 | 9.14 | 9.23 | 9.33 | 9.43 | 9.52 | 9.62 |
| Woodie | 7.76 | 8.36 | 8.81 | 9.41 | 9.86 | 10.46 | 10.91 |
| Fibonacci | 8.39 | 8.79 | 9.04 | 9.44 | 9.84 | 10.09 | 10.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.20 | 4.07 | 7.15 | 11.02 | 14.10 | 17.97 | 21.05 |
| Camarilla | 8.31 | 8.95 | 9.58 | 10.22 | 10.86 | 11.49 | 12.13 |
| Woodie | -0.21 | 3.87 | 6.75 | 10.82 | 13.70 | 17.77 | 20.65 |
| Fibonacci | 4.07 | 6.73 | 8.37 | 11.02 | 13.68 | 15.32 | 17.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.03 | 2.28 | 4.36 | 6.61 | 8.69 | 10.94 | 13.02 |
| Camarilla | 5.26 | 5.66 | 6.05 | 6.45 | 6.85 | 7.24 | 7.64 |
| Woodie | -0.05 | 2.24 | 4.29 | 6.57 | 8.62 | 10.90 | 12.95 |
| Fibonacci | 2.28 | 3.93 | 4.95 | 6.61 | 8.26 | 9.28 | 10.94 |
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): | 32.21 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -18.20 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 9.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.48 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 9.43 | |
| Zig ZAG (10): | 8.73 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 24.40 | |
| TEMA (21): | 9.05 | |
| Williams %R (14): | -70.41 | |
| Chande Momentum Oscillator (20): | -0.39 | |
| Repulse (5,40,3): | -4.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 7.97 |
| MA7: | 9.91 | |
| MA20: | 9.39 | |
| MA50: | 7.58 | |
| MA100: | 5.88 | |
| MAexp7: | 9.05 | |
| MAexp20: | 9.27 | |
| MAexp50: | 9.47 | |
| MAexp100: | 9.82 | |
| Price / MA7: | -12.92% | |
| Price / MA20: | -8.09% | |
| Price / MA50: | +13.85% | |
| Price / MA100: | +46.77% | |
| Price / MAexp7: | -4.64% | |
| Price / MAexp20: | -6.90% | |
| Price / MAexp50: | -8.87% | |
| Price / MAexp100: | -12.12% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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