EOS - EOS/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	EOSUSDT
ISIN:

EOS - EOS/USDT - Daily - Technical analysis published on 06/05/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

44%

39%

My opinion

Bearish under 0.887939 USDT

My targets

0.795400 USDT (-4.53%)

0.699200 USDT (-16.07%)

My analysis

The bearish trend is currently very strong for EOS - EOS/USDT. As long as the price remains below the resistance at 0.887939 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.795400 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.699200 USDT as an objective. Crossing it would then enable sellers to target 0.577900 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

Comment on the analysis

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 0.833100 USDT. The price registered a decrease of -8.52% on the session and was traded between 0.830400 USDT and 0.922200 USDT over the period. The price is currently at +0.33% from its lowest and -9.66% from its highest.

0.830400

0.922200

0.833100

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EOS - EOS/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.833100	0.847700	0.887939	1.032000
Change (%)	-	+1.75%	+6.58%	+23.87%
Change	-	+0.014600	+0.054839	+0.198900
Level	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.882033	0.894167	0.902433	0.914567	0.922833	0.934967	0.943233
Camarilla	0.905090	0.906960	0.908830	0.910700	0.912570	0.914440	0.916310
Woodie	0.880100	0.893200	0.900500	0.913600	0.920900	0.934000	0.941300
Fibonacci	0.894167	0.901960	0.906774	0.914567	0.922360	0.927174	0.934967

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.825767	0.850333	0.880767	0.905333	0.935767	0.960333	0.990767
Camarilla	0.896075	0.901117	0.906158	0.911200	0.916242	0.921283	0.926325
Woodie	0.828700	0.851800	0.883700	0.906800	0.938700	0.961800	0.993700
Fibonacci	0.850333	0.871343	0.884323	0.905333	0.926343	0.939323	0.960333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.577900	0.699200	0.795400	0.916700	1.012900	1.134200	1.230400
Camarilla	0.831788	0.851725	0.871663	0.891600	0.911538	0.931475	0.951413
Woodie	0.565350	0.692925	0.782850	0.910425	1.000350	1.127925	1.217850
Fibonacci	0.699200	0.782285	0.833615	0.916700	0.999785	1.051115	1.134200

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):	35.87
MACD (12,26,9):	-0.0169
Directional Movement:	-11.133444
AROON (14):	28.571429
DEMA (21):	0.865315
Parabolic SAR (0,02-0,02-0,2):	0.929900
Elder Ray (13):	-0.010611
Super Trend (3,10):	0.927784
Zig ZAG (10):	0.835100
VORTEX (21):	0.9476
Stochastique (14,3,5):	59.54
TEMA (21):	0.885121
Williams %R (14):	-86.75
Chande Momentum Oscillator (20):	-0.001700
Repulse (5,40,3):	-12.2194
ROCnROLL:	2
TRIX (15,9):	-0.3689
Courbe Coppock:	5.83

MA7:	0.892886
MA20:	0.880600
MA50:	0.954158
MA100:	1.062001
MAexp7:	0.884182
MAexp20:	0.893621
MAexp50:	0.949774
MAexp100:	1.003946
Price / MA7:	-6.70%
Price / MA20:	-5.39%
Price / MA50:	-12.69%
Price / MA100:	-21.55%
Price / MAexp7:	-5.78%
Price / MAexp20:	-6.77%
Price / MAexp50:	-12.28%
Price / MAexp100:	-17.02%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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